Jinling Mining reports strong growth in iron concentrate production and sales
2025-04-01 15:14:04 [Print]
In 2024, Shandong Jinling Mining Co., Ltd. achieved double-digit growth in both production and sales of iron concentrate. Total iron concentrate production for the year reached 1,201,400 tonnes, an increase of 14.33% year-over-year, while sales totaled 1,202,700 tonnes, up by 14.32% from the previous year.
In addition, in 2024, the company acquired the exploration right for a 21.3-square-kilometer iron ore deposit in the Dazhang area of Qihe County, Shandong Province, for 55.28 million yuan (7.61 million US dollars). This deposit is a rare high-grade iron ore site in China, boasting abundant reserves and significant development potential. Once operational, it is expected to substantially enhance the company's resource self-sufficiency and profitability.
In addition, in 2024, the company acquired the exploration right for a 21.3-square-kilometer iron ore deposit in the Dazhang area of Qihe County, Shandong Province, for 55.28 million yuan (7.61 million US dollars). This deposit is a rare high-grade iron ore site in China, boasting abundant reserves and significant development potential. Once operational, it is expected to substantially enhance the company's resource self-sufficiency and profitability.
