The land and resources department of China's Qinghai Province has announced that the province plans to allocate RMB 2 billion ($305 million) for mineral resource exploitation programs in the province in 2011.
The department revealed that the province intends mainly to focus on the exploration of coal, iron, copper, aluminum, zinc and gold. In 2011, the province is targeting six new mine deposits, as well as eight to 10 new applications for minable deposits. Qinghai Province's targets for newly-added mineral output volumes in 2011 include 300 million mt of coal, 60 million mt of iron ore, 1.5 million mt of copper, aluminum and zinc, and 50 mt of gold.