CHINIOT: The government on Wednesday said it has discovered major reserves of iron ore as well as copper, silver and gold in Punjab.
The reserves were found in Chiniot city, around 160 kilometres (around 100 miles) northwest of Lahore, by Chinese group the Metallurgical Cooperation of China.
A senior provincial administrative official told AFP that initial estimates indicated 500 million tons of iron ore – a primary ingredient in steelmaking – had been discovered.
He said the Chinese company has expressed interest in setting up a steel mill on the site, adding that the extracted iron had been tested in Swiss and Canadian laboratories, which found 60-65 percent of it to be high grade.
The official added that silver, copper and gold samples would also be sent for testing soon.
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