Minmetals' Anhui JV project may have 155 mln tons of iron ore
Published: 11 Aug 2009 18:18:28 PSTAug. 12, 2009 (China Knowledge) - Minmetals Group, a Chinese iron ore trader, saw the deposit potential of its ore project in Anhui Province hit 155 million tons with an estimated value of about RMB 50 billion, said the Anhui Geology Exploration Bureau, the China Daily reported. The deposit, located at Nihe town, Lujiang county of Anhui province, was currently under exploration, and is scheduled to start production next year. Minmetals and the AGEB set up a joint venture named Anhui Wuxin Mining Co in 2007, which is responsible for the exploration work. The JV has a registered capital of RMB 85.71 million and Minmetals holds a 70% stake in it. Copyright © 2009 www.chinaknowledge.com |
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