A high-grade iron ore deposit has been discovered in east China’s Shandong Province, with estimated reserves at 104 million tonnes, Xinhua News Agency reported.

The Department of Natural Resources of Shandong Province has identified 16 high-grade iron ore bodies in the Qihe-Yucheng region.

High-grade iron ore typically has a total iron content of over 45 percent.

Hu Zhiyong, an official with the department, said the newly confirmed high-grade iron ore deposit is one of few in China, and is notable for its large distribution, considerable ore body thickness, high ore quality, and promising exploration potential.

As of 2022, a total of 173 kinds of minerals had been found in China, according to a report released by the Ministry of Natural Resources

Source: Emirates News Agency