Chinese steel giant
Baosteel Group has announced that its Jiangsu Province-based subsidiary Meishan
Mining Co. has completed construction work on the extension of its phase two project.
The extension of the phase two project, on which construction work started on March 28, 2004, focused on exploration for
iron ore at a depth of 330-420 meters beneath the ground.
In the 2006-2010 period, Meishan
Mining recorded a raw
iron ore output of 19.98 million mt and an
iron ore concentrate output of 11 million mt, with sales of
iron ore concentrate reaching 10.99 million mt.