October 11, 2008

Chende dominates in vanadium and titanium resources

It is reported that Mr Li yiping GM of Chende xinxin Vanadium and Titanium Company Limited said Chende's competitive edge lies in abundant vanadium and titanium resources.

Statistics show that the vanadium and titanium magnetite reserves in Chende area totaled 8 billion tonne and the average content is 18% to 30%. Its mine features low exploration cost, flat embedding, easy exploration and grinding, which is a great advantage for large scale exploitation.

Chende has controlled nearly a billion tonne reserves through sole proprietorship or share participation. It takes the priority of exploring the newly founded mine resources. The integration of private mines is mainly realized by means of equity participation.