China Nanjinzhao commences Pampadel Pongo iron project in Peru

Thursday, 09 September 2010 11:31:11 (GMT+2)

On September 6, Peruvian local press has announced that China Nanjinzhao Group commenced Pampadel Pongo iron ore project in Caraveli, Arequipa province, Peru. The project is expected to be completed in September 2013.

Pampadel Pongo mining area involves eight different mineral reserves under an area of 8,000 hectares and the iron ore project in question covers an area of 3,019 hectares. China Nanjinzhao Group's Peru-based subsidiary Jinzhao Mining Peru Co, Ltd has received Peru official approvals to start drilling in the area.

Pampadel Pongo mining area is estimated to involve 1.2 billion mt of iron ore with 43.6 percent Fe, in addition to copper and gold. The project's annual production capacity will be 10 million mt. First exports to China are expected to be shipped in 2014 or 2015.

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