Yesterday’s news from Chongqing Heavy Steel Group stated that in order to cope with the international iron ore price soaring, the company jointly developed the Wushan Baolong Peach Blossom Iron Mine with 4 companies including Chongqing Energy Group’s Zhongliangshan Coal Electric Company, and strived to increase the self-recovery of heavy steel as soon as possible. Raw material supply. Taohua Iron Mine is located in Taohua Village, Baolong Town, which borders Wushan County and Jianshi County of Hubei Province. After detailed geological exploration, the iron ore resources are over 100 million tons. According to the plan, the Taohua Iron Mine Project will build 3 million tons/year of mining sites, matching 3 million tons/year ore dressing plant, 1.6 million tons/year pellet processing plant, and a coal mine with an annual output of 300,000 tons, with a total investment of approximately 1.4 billion yuan is expected to be completed and put into operation in 2012. Welding Machine Parts,Miller Welder Replacement Parts,Wind Power Part Machining,Wind Power Machining NINGBO KSION MACHINERY CO.,LTD , https://www.nbksc.com
According to reports, five companies including Chongqing Steel Group, Zhongliangshan Coal Electric Company, Chongqing Huitong Mining Investment Company, Chongqing Zhongjing High-tech Industry Co., Ltd. and Chongqing Rongjie Economic Information Consulting Co., Ltd. reached an agreement recently to jointly invest 200 million yuan to establish Chongqing. Steel Resources Co., Ltd. developed the Baolong Taohua Iron Mine in Wushan County. Among the new companies, Chongzhou holds 33% of shares, and Zhongliangshan Coal Electric holds 17%.
“The project has been completed and surveyed recently.†Gong Zhiqiang of Zhongliangshan Coal Electric Company disclosed that according to the conservative forecast of the market sales price of iron ore in January 2008, an annual sales income of RMB 1.12 billion (excluding tax) can be realized, and the annual profit 250 million yuan (excluding tax), the annual return on investment will reach 18%.
It is reported that in addition to Wushan Baolong Taohua Iron Mine, Chongqing Iron and Steel has also signed an agreement with Shaanxi Ankang Iron Mine, importing 1.5 million to 2 million tons of concentrate from the local area each year. In 2009, more than 300,000 tons of iron ore could be produced in the first phase, and all were put into operation in 2010. At the same time accelerate the development of Chongqing Minjiang Iron Mine and Banan Solitaire Iron Mine. In the next few years, the self-mining amount of Chonggang will exceed 5 million tons, accounting for more than 50% of the total amount.