Analysis of the status quo and development trend of China's mining industry in 2022

Our country is rich in mineral resources

By the end of 2020, 173 kinds of minerals have been discovered nationwide, including 13 kinds of energy minerals, 59 kinds of metal minerals, 95 kinds of non-metallic minerals, and 6 kinds of water-gas minerals. In 2020, China's natural gas, shale gas, lead ore, zinc ore, bauxite, molybdenum ore, silver ore, magnesite, graphite and other mineral resources reserves have increased significantly.

In 2020, the degree of security of China's mineral resources has dropped significantly

According to the forecast of the National Development and Reform Commission in 2020, the guarantee degree of available reserves of important metal and non-metallic mineral resources in China, except for the guarantee degree of limited resources such as rare earth is 100%, the rest are significantly reduced, including iron ore 35%, copper 27.4%, bauxite 27.1%, lead 33.7%, zinc 38.2%, gold 8.1%. The mining life of limestone is 30 years, phosphorus is 20 years, sulfur is less than 10 years, and potash salt is now far more needed than supplied.

In recent years, the operating efficiency of mining industry has decreased year by year

From the perspective of the operating income of enterprises above the scale of mining industry, the development of China's mining industry has fluctuated significantly in recent years. Since 2015, affected by China's energy reform and other policies, the production scale of China's mining industry has fluctuated and declined. Superimposed on the impact of the new coronavirus epidemic in early 2020, the annual revenue of China's mining industry was about 3,162.1 billion yuan in 2020, down 31.5% year-on-year.

Mining investment is falling year by year

From 2015 to 2019, the investment in fixed assets of the mining industry in China showed a trend of decreasing first and then increasing. In 2015, it was 1,297.1 billion yuan, the maximum value between 2015 and 2019; In 2019, the investment in fixed assets in the national mining industry continued to recover, reaching 981.8 billion yuan, an increase of 24.10% over 2018. In 2019, according to the statistics of the National Bureau of Statistics, the investment in the mining industry increased by 24.1%, and according to the forecast, the investment in fixed assets of the mining industry in the country was about 1.16 trillion yuan in 2019.

In 2020, according to the data of the National Bureau of Statistics, the national mining investment fell by 14.1%, and according to the forward-looking calculation, the investment of China's mining industry in 2020 will be 843.4 billion yuan, which is a new low since 2015.

The 14th Five-Year Plan focuses on mining transformation

China is a big country in mineral resources and mining industry. 173 kinds of minerals have been discovered and 162 kinds of proved resource reserves have been found. The varieties are relatively complete, the exploration and development system is complete, and the output and consumption of main mineral products rank first in the world.

The "Fourteenth Five-Year Plan" period is an important period for the transformation and development of China's mining industry. In the "Fourteenth Five-Year Plan" period, it is clearly proposed that during the "Fourteenth Five-Year Plan" period, it is necessary to strengthen the ecological restoration of mines, improve the development and protection level of mineral resources, develop green mining and build green mines. At the same time, it is necessary to strengthen the strategic mineral resources planning and control, improve the ability to ensure the security of reserves, and implement a new round of strategic action for prospecting breakthroughs. In addition, in terms of improving the level of safety production, it is necessary to strengthen the innovative application of advanced technology and equipment in the fields of deep mining and major disaster prevention and control, and promote the replacement of dangerous positions by robots. We will promote full coverage of workplace safety liability insurance in key areas.