Huge silver deposit discovered in Mongolia

ArticleMiningJanuary 9, 2018 - 2:35:21 AM

Chinese media reports report that an important silver deposit has been discovered in the autonomous region of Mongolia.

According to Xinhua, the state-owned news agency, the deposit contains over 100 million tonnes of silver ore. It wasn't clear from the media report whether that number refers to resources or reserves, but it must be resources, since Chinese silver reserves currently only stand at 39,000 tonnes, states the US Geological Survey. The deposit is located in Shuangjianzi Mountain in Inner Mongolia. Accurate mining statistics are notoriously difficult to pin down from China, which often inflates them.

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