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Policy supports the exploration of potassium mineral resources

Date:2017-09-12

       Recently, the ministry of land and resources issued a notice on encouraging the exploitation of mineral resources in countries such as iron and copper and aluminium. This is the first normative document issued by the ministry of land and resources for the management of scarce mineral resources. Potash is among the seven scarce minerals that are being encouraged to develop.

       The so-called shortage of minerals refers to the mineral resources that are relatively scarce in non-oil and gas solid mineral resources and have an important impact on the national economy, the department's officials said. The shortage of mineral resources at the national level, we mainly consider from the point of view of the supply and demand of mineral resources in the country, and the import dependence is more than 50 percent, and the mineral resources are in short supply. The iron, copper, aluminum, nickel, chromium, manganese and potassium salt are identified as national mineral resources. Potash is mainly used to produce fertilizer, which is necessary for crops.

       The "notice" explicitly encourages the support of the shortage of mineral policy including three aspects, one is to increase the exploration intensity, the second is to improve the mining right transfer system, and the third is to ensure the exploration and exploitation environment.

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