The Shahe Zhongguan iron ore mining and dressing project and the Shirengou iron ore mining and dressing project, both located in the Chinese province of Hebei, have received approval from China's National Development and Reform Commission for the commencement of construction work. The combined iron ore reserves of the two projects amount to 50 million mt.
Investment in the Shahe Zhongguan iron ore project will amount to RMB 1.349 billion ($0.199 billion), and it will mine 2 million mt of iron ore and produce 1.074 million mt of 66 percent grade iron ore concentrate each year. Investment in the Shirengou project will total RMB 573 million ($85.39 million); its designed iron ore output will be 2 million mt and it is expected to produce 0.6832 million mt of 68 percent grade iron ore concentrate per annum.
The two projects will adopt energy-saving technologies and will have high levels of automation.