The mineral resources in Xinjiang are abundant in terms of type and reserve amount, and the development prospects are optimistic. Xinjiang is known as a national resources powerhouse in terms of its coal, natural gas and metals. It is well known for its jade, gems and gold. 138 kinds of mineral have been found, accounting for 80.7% of the minerals discovered in China; 96 kinds of minerals are identified with reserves3.
Xinjiang's gold has been famous since the Ancient times, and the Tianshan Gold belt and Altai gold mountain are named after it. 43 gold ore belts have been identified and located in Altai, east and west of Tian shan, and Kunlun shan. The amount of gold output in Xinjiang has achieved significant growth for seven consecutive years. In terms of ferrous metals, iron is one of the most developed resources, with an estimated resource of 8.91 trillion tonnes signified by rich and large-sized mines. There are a total of 570 identified locations, with 24 being medium to large sized mines with an estimated resource size of over 10 million tonnes per site. The iron ore beds are located in the east and west of Tian shan, Altai Mountain and west of Kunlun shan.
The richness of mineral resources and the potential of economic prosperity attract us to invest in Kashgar and Ili.
Investment in Kashgar. The development of this new special economic zone needs plenty of minerals. Steel is the basis of economic development. The future development of Kashgar will bring great opportunities to the iron industry nearby. As the hinterland of the Eurasian Continental Bridge, the western gateway of China, Kashgar was established as the sixth Special Economic Zone during the Central Work Conference on Xinjiang in 2010. The special economic zones enjoy open and flexible economic policies and good infrastructure, which bring endless possibilities for the future development of Kashgar. According to the 2012 Summary of Construction and Development of Kashgar, the GDP will double, reaching ¥35 billion by the end of the 12th. Five-Year Plan. Kashgar will become a major city with a CBD over 100km2 and a population of more than one million4.
Investment in Ili. Ili Kazak Autonomous Prefecture has a great range of mineral resources, including coal, gold, copper, and iron. Land and Resources Bureau of Ili Kazak Autonomous Prefecture revealed that Ili Valley has 65 tonnes proved reserves of gold and 962 tonnes indicated resource are discovered, ranking No.1 among 24 kinds of proven mineral reserves in Xinjiang5; it has 27.75 million tonnes proved reserves of iron reserves and 560 million tonnes of indicated resource are discovered6. The economy in Ili remains in sustainable development and its GDP is expected to increase 14.8% to ¥68 billion in 2013, reported by the Ili News Net7.
Investment in Fuyun. The mineral scale and reserves in Altay region are unparalleled. Fuyun County is located in the northeast of Xinjiang, to the south of Mongolia, a country with rich mineral resources. 92 kinds of mineral have been found in Fuyun County, which is 53.8% of different kinds of minerals found in China. Fuyun is an important origin of black metal, non-ferrous metals, rare metals and non-metallic resources in China. GDP was expected to reach RMB 4.87 billion in 2013, annual growth rate at 16.2%8.