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Monday, November 29, 2010

Commodity trading tiips

China's iron ore reserves estimated at more than 200 million tons

China has found 112 potential iron ore prospecting areas that are believed to house over 200 billion tons of
iron ore reserves, according to a report on mineral resource surveys in 2009 issued by the China Geological
Survey under the Ministry of Land and Resources. The report shows that there are two potential prospecting
areas each with over 10 billion tons of iron ore reserves, two areas with 5 billion to 10 billion tons, two areas
with 3 billion to 5 billion tons and 16 areas with 1 billion to 3 billion tons.

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