Xinjiang Bayi to develop an iron ore mine

June 6, 2008

June 6th (Steel Guru) – It is reported that Xinjiang Bayi Iron and Steel is developing an iron ore mine in Bachu County which is 1200 kilometer away from Urumqi. The mine with the predicted iron ore reserves of over 100 million tonnes and mainly was vanadium titanium magnetite ores. The titanium dioxide content predicted to reach 6 million tonnes and 130,000 tonnes of vanadium oxide.

The total investment of the project was around CNY 150 million and predicted to put into production at the end of this year.

The first stage of the project will develop iron ore of 800,000 tonnes to 1 million tonnes for each year. All the iron ore will supply to Xinjiang Bayi Iron and Steel.

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