Sources within China's Ministry of Land and Resources (MLR), claim as much as 78 percent of China's petroleum reserves and 93 percent of natural gas reserves still wait to be verified. Despite good mineralization conditions, China has to improve its exploration of mineral resources, said the MLR.According to MLR statistics, 80 percent of China's more than 200,000 discovered mineralization points have not been assessed, and proven reserves of coal, oil and gold is only one-fifth or one-fourth of the possible reserves of the country.
