The hottest WISCO successfully acquired the mining

WISCO successfully acquired the mineral rights of an iron ore resource in Australia

WISCO successfully acquired the mineral rights of an iron ore resource in Australia

China Construction machinery information

Guide: it was learned from Wuhan Iron and steel group that the mineral rights delivery between WISCO and Australia CXM company was successfully completed in South Australia, Australia on the 7th. This marks a new stage in the development of WISCO's overseas iron ore resources. At the delivery ceremony, WISCO paid the first purchase price of mining rights to CXM company 51

it was learned from Wuhan Iron and steel group that the mining right delivery between WISCO and Australia CXM company was successfully completed in South Australia on the 7th. This marks a new stage in the development of WISCO's overseas iron ore resources

at the delivery ceremony, WISCO paid CXM a $51.5 million for the first purchase of mining rights and a $50million for the first exploration of the joint venture, and CXM handed over the mining rights to WISCO Australian resources. The completion of this delivery means that the joint venture established by WISCO Australian resources investment company and CXM company on the basis of 60/40 is officially launched, and WISCO will lead the exploration, construction and operation of this mineral resource development project

it is reported that after the completion of this project, its mining and beneficiation scale is expected to have an annual output of 33million tons of raw ore and an annual output of 10million tons of iron concentrate 1, with an investment of about 1.5 billion US dollars

cxm is a resource company listed on the Australian Stock Exchange and owns several iron ore rights on the east coast of the South Australian Isle peninsula. The mining area proposed to cooperate with WISCO is located in the middle and south of the South Australia El Peninsula, which is composed of five lease lands, with a total area of more than 600 square kilometers. The mining area is distributed along the north-south direction of the coastline, about 60 kilometers away from the coastline. The potential of iron ore resources in the five lease areas of the two sides' cooperation project is 2.282 billion tons, and Wuhan Iron and Steel Co., Ltd. entrusted China University of geosciences for consultation and evaluation. It is believed that the potential of iron ore resources in the area of -200 meters is 1.29 billion-17. The verification regulation of electronic universal testing machine is more suitable for the verification of electronic universal testing machine 700 million tons

in November 2009, WISCO resources Australia subscribed for more than 40 million additional 15% shares of CXM at a $0.25 per share, with a total price of about $10.1 million. After the acquisition, WISCO Australian Resources Co., Ltd. held 13.4% of the shares, becoming the second largest shareholder of CXM and holding one of its board seats

WISCO is the first super large iron and steel complex built after the founding of new China. Its important technical equipment has reached the international advanced level, with a production scale of more than 30million tons and a production capacity scale ranking seventh in the world. It is the third largest iron and steel enterprise in China. Its self-sufficiency rate of iron ore raw materials is less than 20%, and iron ore raw materials mainly rely on the authenticity of fixture descriptions. In recent years, the rising price of overseas iron ore market has brought an unprecedented "survival crisis" to WISCO