World`s largest tungsten ore mine found in Jiangxi
Source: www.chinamining.org Citation: China.org.cn Date: Jun.07, 2012
The largest tungsten ore mine, with a proved reserve of 1.06 million tons, has been found in Jiangxi Province, according to the Ministry of Land and Resources of China.
[File photo]The largest tungsten ore mine, with a proved reserve of 1.06 million tons, has been
found in Dahutang Area, Wuning County, Jiujiang City, Jiangxi Province.
The mine is located in Dahutang Area, Wuning County, Jiujiang City, and was found by Jiangxi Geology & Mineral Resources Exploration & Development Bureau after 18 months of exploration. The exploration project was part-funded by Xiamen Tungsten Co., Ltd. and it is expected that future yields from the mine will make the company increasingly self-sufficient with regard to tungsten ore concentrates.
The proved reserve of the mine has exceeded Jiangxi`s total amount of available tungsten reserves, and has a potential economic value of more than 300 billion Yuan (US$47.13 billion).
As early as May 2011, Xiamen Tungsten Co., Ltd., China Minmetals Non-Ferrous Metals Co., Ltd, Xiamen Sanhong Molybdenum Co. and the Government of Xiushui County of Jiujiang City signed an agreement stipulating that Xiamen Tungsten and Xiamen Sanhong Molybdenum would invest more than 2 billion yuan (US$314.13 million) in the surveying and subsequent exploitation of the tungsten ore mine.
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