October 12, 2008

Chonggang participates in Shaanxi Xiaojinhe magnetite project

It is reported that Chongqing Iron and Steel Group and Shaanxi Huijin mining technology development Company, China Metallurgical Changtian International Engineering Company formally signed contract to cooperate with each other to exploit Shaanxi Xiaojinhe magnetite project

As per report, the total investment of this project is CNY 5 billion, it will construct 8 million tonnes per year mine, 1.2 million tonnes pellet plant and 600,000 tonnes sponge iron factory.

It will fully use of low grade iron ore resources in Shaanxi Ankang region, at the same time, to meet the iron ore demand of Chongqing Iron and Steel Group.