
Iron ore concentrates production out of Hebei Iron & Steel Group Mining Co Ltd reportedly touched 7.0726 million tonnes in 2011, demonstrating the best performance since it started. Concentrating cost fell for a third consecutive year and was estimated at 6.5% lower from the prior year.
Mr Wang Yifang General Manager of Hebei Steel said Hebei Steel Group iron concentrate self-supply will rise to 35 million tonnes by the end of 2015. Presently Hebei Steel holds 5 billion tonnes of iron ore interests, up 462% from 889 million tonnes when it came into being in 2008.
(Source: www.steelhome.cn/en)
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