Shanghai International Mining Exchange
| Project Information | ||||
| Project No. | 20170710383130 | |||
| Project Name | A cooperation project of Vanadium titanium magnetite in Indonesia | |||
| Project Classification | Property rights of mining company | |||
| Location | Indonesia | |||
| Minerals | Iron | |||
| Project Information | Mining area | 10,000 hectares(length about 50 km, width about 2 km). Ocean: 65%; Land: 35% | ||
| Reserves/grade | According to the preliminary exploration to predict, the resources about 57.6 million metric tons in about 200 hectares of area, and 10 meters deep within the scope of the sea. Roughly within 10000 hectares area, the reserves about 2.8 billion metric tons. (assuming the sea iron to be evenly distributed in the scope of exploitation) |
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| Mining method | Open-pit mining | |||
| Supporting facilities | Power supply; Near the airport; Completed facilities such as accommodation and health care | |||
| Others | This mine is one of the largest concession sea iron mine in Indonesia, the main iron material is vanadium titanium magnetite, iron content as high as 60%, titanium content as high as 13%, and vanadium content about 0.5%, also contains different amount of calcium, chromium, manganese and silicon dioxide. According to the preliminary detection and feasibility study in 2011 to 2013, it is estimated that the iron reserves 57.6 million tons in about 200 hectares area, average grade of iron 20.3%. The production target of the first year is 40000 tons fine sand per month. |
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| Progress | The company had the exploration license in February in 2012 At present, the company is applying for mining and production licenses. After this, six production lines will be built for sale abroad and in the domestic in one year. The main export market is China, and many large iron and steel enterprises in China have expressed interest in acquisitions. The lines are expected to be put into production in the next two years. Meanwhile, the project plans offering money to set up a direct reduced iron/commercial pig iron factory in a few years in accordance with the Indonesia government regulations. | |||
| Cooperation | Flexible cooperation; Interview | |||
| Keywords | ||||
| Listing | ||||
| Quoted Price | ||||
| Deadline | 2017-07-24 to 2018-07-23 | |||
| Address | Zip Code | |||
| Name | Eric Wang | Website | www.shumx.com | |
| Telephone | +86-21-66283339 | Fax | ||
| Mobile phone | ericwang@shumx.com | |||