In the Xinjiang ‘358' project initiated by the Chinese government two years ago for the exploration of mineral resources in the China's Xinjiang Uyghur Autonomous Region, a total of 335.7 billion mt of coal reserves, 1.1 billion mt of iron ore reserves and 5.6 million mt of lead/zinc reserves and 1.16 million mt of copper/nickel reserves have been discovered.
Investments spent on this project in the region of Xinjiang have to date exceeded RMB 2.3 billion, with 11 main mineral-rich areas being explored.