September 08, 2008

Luohe begins construction at iron ore mine site in Anuhi

Platts reported that the Luohe Iron Ore Mining Company has begun construction at its CNY 1.560 billion iron ore mining project located in China's Anuhi Province.

Phase one of the two phase project is due for completion in 2010 and will see the joint venture company mine an estimated 3 million tonnes per annum of iron ore with a 32% to 35% Fe content along 1.3 million tonnes per annum of with an approximate 65% Fe content. By 2015, both phases are expected to be completed with the company predicting an aggregate mining capacity of about 5.5 million tonnes per annum.

Luohe Iron Ore Mining was set up in 2005 as a joint venture between Ma'anshan Steel and Longqiao Mining.