China National Development and Reform Commission has approved Hebei Steel Group mining and beneficiation project in Southern part of Sijiaying iron ore deposit.
Thus far four mining projects of Hebei Steel Group in The Adjustment and Revitalization Plan of the Iron & Steel Industry brought forward on March 20, 2009 have all been approved.
The mining and beneficiation project in Southern part of Sijiaying is designed with a capacity of 15 million tonnes of raw ore, 5.133 million tonnes of concentrates.
Since it started in September 2008, Hebei Iron & Steel Group Mining Co Ltd has identified 5 projects, i.e. Sijiaying 2nd stage mining and beneficiation project, Southern Sijiaying mining and beneficiation project, Zhongguan iron ore mine mining and beneficiation project, upgrade of mining and beneficiation project in Shirengou iron ore mine and transition from open-pit mining to underground mining in Chengde Heishan iron ore mine, on the top of the list.
Total investment into the five projects totals CNY 16.063 billion and after its completion, those five projects would produce 12.0431 million tonnes of concentrates a year. By the end of 12th ‘five-year-plan’, Hebei Steel Group self sufficiency rate will be lifted from the present 10% to over 40%, concentrate production capacity will reach 35 million tonnes, according to Wang Yifang, General Manager of Hebei Steel, the group's iron ore resources is 5 billion tons at present and is expected to rise to 8 billion tons by 2015.
Iron ore concentrates production out of Hebei Iron & Steel Group Mining Co Ltd reportedly touched 7.0726 million tonnes in 2011.
Sourced from steelhome.cn/en
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