The Longqiao iron ore mining expansion project of Chinese mining company Anhui Lujiang Longqiao Mining Co. has been approved by China's National Development and Reform Commission (NDRC), according to local media reports.
Investment in the project in question is expected to total RMB 940.11 million ($153 million). The Longqiao iron ore mine, which is located in China's Anhui Province, has proven iron ore reserves amounting to 110 million mt. The expansion project is expected to increase the annual iron ore output of the mine from 1 million mt to 3 million mt, while the annual iron ore concentrate output is expected to reach 1.345 million mt, with an Fe content of 66 percent.Anhui Lujiang Longqiao Mining Co. was established in December 2001 by Xiaman Wanqi Technology Co. together with eight other companies. It officially started production in 2006, while its annual output reached 1 million mt in 2007.