| Shanxi Longgang Group Breaks Ground For Daxigou Iron Ore Mine Second Phase |
| = As key industrial project of Shanxi Province to unite mines and steelworks = |
On November 21 Shanxi Longgang steelmaking group in Shanxi Province, China broke ground for the development of the second phase of Daxigou iron ore deposit as part of the key industrial project to unite mines and steelworks, under the 11th Five-Year Plan of the province. Daxigou iron ore deposit has an ore reserve of 302 million tons, which is China's largest Siderite deposit and accounts for 47.6% in the total iron ore reserve of Shanxi Province.
Total investment is 2.79 billion RMB. Annual revenue is planned at 1.88 billion RMB with earnings before tax at 840 million RMB. |
| last modified : Mon 01 Dec, 2008 [12:03] |
