trending Market Intelligence /marketintelligence/en/news-insights/trending/MHdUzgqQk9kC8Ci7kfKNhQ2 content esgSubNav
In This List

Asia's largest manganese ore reserve discovered in China

Blog

Post COVID-19: Gold Mining and Production

Blog

Metals & Mining Insights May 2021

Blog

European Energy Insights - May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective


Asia's largest manganese ore reserve discovered in China

The geology and mineral exploration bureau of China's Guizhou province discovered a reserve estimated to contain 203 million tonnes of manganese ore in the southwest portion of the province, Reuters wrote April 8, citing Xinhua News Agency.

The reserve is said to be the largest in Asia and has a potential value of more than 100 billion Chinese yuan, local authorities said.

According to a geologist and academic at the Chinese Academy of Engineering, Chen Yuchuan, the newly discovered deposits make up 60% of the country's total proven reserves and will reduce China's dependence on imports.

As of April 7, US$1 was equivalent to 6.90 Chinese yuan.