China’s National Development and Reform Commission has given The Shahe Zhongguan approval to commence the iron ore mining and dressing project and the Shirengou iron ore mining and dressing project both located in the province of Hebei. The combined iron ore reserves of the 2 projects amount to 50 million tns. Investment in the Shahe Zhongguan iron ore project will amount to CNY 1.349 billion and it will mine 2 million tns/yr of iron ore and produce 1.074 million tns/yr of 66% grade iron ore concentrate. Investment in the Shirengou project will total CNY 573 million, its designed iron ore output will be 2 million tns/yr and it is expected to produce 0.6832 million tns/yr of 68% grade iron ore concentrate.
