Characteristics of Molybdenum Ore in China

Characteristics of molybdenum ore in China include low grade, rich accompanying useful components, high economic value, large scale and open cut mining, and high degree of geological works.

Low Grade

Molybdenum ore in China has large proved reserves, but with low grade compared with the main molybdenum resources countries in the world, most of which belong to low-grade deposits. For the low-grade deposits with average grade less than 0.1%, its reserves account for 65% of the total reserves, of which less than 0.05% account for 10%, medium grade (0.1%～0.2%) account for 30%, higher grade (0.2%～0.3%) account for 4% and the average grade higher than 0.3% only account for 1%.

Rich Accompanying Useful Components and High Economic Value

According to the statistics, molybdenum, as a single mineral deposit, its reserves only account for 14% of the total reserves in China; as the main mineral resources, it is associated with other useful mineral deposits, which account for 64% of the total reserves; others that are associated and coexisted copper, tungsten and tin and other metals account for 22%.

Large Scale and Open Cut Mining

According to statistics, reserves of large molybdenum ore with more than 100 thousand tones account for 76% of the total reserves; the medium-sized deposits with 10,000 tones to 100,000 tones of reserves account for 20%; molybdenum deposits that are suitable for open cut mining account for 64%. Most of large deposits can open cut mining and particles of molybdenite are coarser, which are easy to choose.

On the ore type perspective, the proven reserves of molybdenum ore in China are mainly composed of molybdenum sulfide ore that is easy to use, which account for 99% of recoverable deposits. Oxided molybdenum ore and mixed molybdenum ore that are not easy to be used and unknown molybdenum ore only account for 1%.

High Degree of Geological Works

Exploratory reserves after geological works account for 50.5% of the total recoverable deposits, 41.8% when in the detailed survey. When in the detailed survey, the reserves account for 92.3% of total recoverable deposits in China.

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