Groundbreaking has taken place for the Jinhao Iron Industry Project in the county of Fuyun in China's Xinjiang Uyghur Autonomous Region, as announced by the Xinjiang government.
The Jinhao Iron Industry Project is being carried out on the back of investment by Zijin Mining Group and two other local companies. Located in close proximity to plentiful mining resources, the new project will have annual pig iron and steel output capacities of 3 million mt. Its annual sales revenues are expected to exceed RMB 13 billion.