New proven iron ore reserves found in western Jiangxi in 2011
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According to the Western Jiangxi Geological Survey Party (WJGSP) of the Geology and Mining Bureau of Jiangxi Province, total proven iron ore reserves discovered in the west of China's Jiangxi Province in 2011 reached 100 million mt, with an estimated annual output value of RMB 80 million ($12.7 million).
In 2011, the WJGSP achieved an aggregate drilling depth of over 60,000 meters at Jinxi mine, Taiping Mountain deposit and Song Mountain mine. Discovered reserves came to 40 million mt at Jinxi mine and reached a combined total of 60 million mt at Taiping Mountain deposit and Song Mountain mine.