Biggest graphite deposit discovered
Print Edition
THE largest graphite deposit in China has been discovered in the Inner Mongolia Autonomous Region.
It has proven reserves of 130 million tons of flake graphite, accounting for 7.3 percent of the world’s recoverable reserves.
“With good mining conditions, the graphite will be easy to exploit and it will be possible to conduct strip mining there,” said Li Shirong, director of the Department of Land and Resources in Inner Mongolia.
Prior to the discovery, the mineral content of flake graphite for the entire world was less than 5 million tons, according to a report issued by the United States Geological Survey in 2013.
With an average grade of 5.45 percent, the new discovery alone has a mineral content of over 7 million tons.
Flake graphite is used as a raw material for high-end precision instruments.
“The product value is estimated to be worth 700 billion yuan (US$109 billion) and is planned to last for 28 years,” said Liu Kai, who is in charge of the mining project.
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