China finds USD 100 bn mineral deposits in Tibet

China continues to strike it rich in Tibet as geologists discovered 102 types of mineral deposits in over 3000 mine beds with an estimated value of about USD 100 billion.

Chromium, One ounce worth of ultra-high purity chromium crystals.

So far, over 3,000 mine beds, deposits or mineralised sites with as many as 102 types of mineral were discovered in Tibet Autonomous Region (TAR), Chinese official media reported, quoting officials from the regional bureau of land and resources.

The mineral resources in the Himalayan region have an estimated potential value up to 600 billion yuan (USD 100 billion), it said. Among the variety of mineral reserves, Tibet is reported to have large chromium and cuprum (copper) far higher than other regions of mainland China. Twelve other mineral reserves rank among the top five across the whole country.

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