Deposit in Anhui estimated to contain 120 mln tons of iron ore
Shanghai. August 4. INTERFAX-CHINA - It is estimated that a deposit in Lujiang county, Anhui Province, contains 120 million tons of iron ore, state media reported on Aug. 4.
The China Geological Survey (CGS), the Anhui Bureau of Geology and Mineral Exploration, the Anhui Department of Land and Resources and China Minmetals Corp. launched joint exploration of the deposit in 2007, according to Anhui Daily.
"Minmetals will be in charge of iron ore production at the deposit after exploration concludes in 2010, although there are no finalized plans yet," an unnamed official from the Anhui Bureau of Geology and Mineral Exploration, told Interfax.
The iron ore grading of the deposit stands at approximately 40 percent, according to the official.