Mineral exploration market declines for the first time

Lu Yu, executive deputy director of the Department of Geological Exploration of the Ministry of Land and Resources, stated at the 2013 China International Mining Conference that due to the macroeconomic impact, the 2013 domestic mineral exploration market experienced the first decline in 10 years. “At present, China is organizing the implementation of the largest-scale ore-searching breakthrough strategy since the founding of New China,” Yu said.

It was reported that the operation was initiated in 2011 and was jointly implemented by the Ministry of Land and Resources, the Development and Reform Commission, the Ministry of Science and Technology, and the Ministry of Finance. Since the implementation of the work, all work has been carried out in a comprehensive and orderly manner, setting off a new wave of ore prospecting in the country, oil, natural gas, and * A major breakthrough in nickel and tungsten and finding a group of world-class minerals.

According to Yu, in 2012, despite being affected by the economic environment, the exploration investment continued to grow rapidly in previous years despite the breakthrough in the prospecting strategy. As a result, the country’s investment in geological exploration amounted to 126.9 billion yuan in 2012, a year-on-year increase. 9%.

“But in 2013, we calculated that the investment in geological exploration in the first half of the year was down by 24% from the same period in 2012. From 2002 to 2012, we saw double-digit growth, but in 2013 there was a decline,” Yu said.

Yi Junhou, inspector of the Bureau of Geology and Mineral Exploration of Shandong Province, said that the situation of the Shandong Provincial Bureau of Geology and Minerals is the same. Since 2002, the mining exploration revenue has been increasing year by year, with an average annual growth rate of more than 25%. Since the first half of this year, negative growth has occurred for the first time. In the first half of this year, the revenue from geological exploration industry decreased by 3% year-on-year, and the market contract decreased by 19% year-on-year.

In terms of mineral product prices, the outside world told the Great Wisdom News Agency that the current trend of rising prices of mineral products in the past few years has also undergone major changes this year, and many units have also experienced difficulties in mine production and operation.

Yi Junhou believes that in the next few years, the development speed of major economies in the world will not be significantly improved, and they will operate on the low-speed growth track, making it difficult to effectively stimulate the price of mineral products. The market for mineral products is limited, and it is expected to decline.

Affected by the economic situation, it is now difficult for both large and small companies. Tang Jinrong, director of the intelligence department of the Development Research Center of the China Geological Survey, said that ** difficulties are an important reason for the reduction of start-up projects. Mineral exploration projects have declined."