Daye Iron Mine increases 14.12 million tonnes of ore reserves

July 18, 2008

July 18th (Steel Guru) – It is reported that recently China’s Ministry of Land and Resources approved the reconnaissance report and nailed down that Daye iron mine increased 14.12 million tonnes of ore reserves based on the primal 23 million tonnes of magnetite estimated before.

Daye ore mine started its reconnaissance work in March, 2005. After 3 years exploring, primarily estimated its capacity as 23 million tonnes. It established cooperation with scientific research institutions and universities, which gave great technical support to its reconnaissance report.

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