Inner Mongolian Firm Ready to Run Multi-Metal Mine

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Researched by Industrial Info Resources (Sugar Land, Texas)--The Inner Mongolia Weilasituo Mining Company Limited, established last year, is ready to exploit the Weilasituo metal mine in the Keshiketeng Prefecture where there are 10 million tons of proven reserves of various metals.

The exact location of the mine is Bairendaba mining area of Baiyinchagan Sumu near Yindu Mining Company Limited and Bairen Mining Company Limited.

The metal ores include copper, zinc, silver, lead, tungsten, cobalt, gold and many others. For the 10 million tons of ores, grades of zinc, copper and silver are 4.7%, 0.8% and 85 g/ton, respectively. The amounts of zinc, copper and silver are 470,000 tons, 80,000 tons and 850 tons, respectively.

The company has found three ore bodies in the area, of which the No.1 ore body is fairly large. The area is 1,000 meters long and 900 meters deep. The mine can be exploited for the next decade and half.

The three investors of Weilasituo Company are the Inner Mongolian Geologic Survey Company (51% of the shares), Beijing Yuhongxing Investment Company (Beijing) (25%) and Yichun Jinlin Mining Company (Yichun City, Heilongjiang Province) (24%). They plan to invest $19.7 million in the project.

Currently, Weilasituo Company can process 1,000 tons of ores per day, and will be able to process 2,000 tons per day after adding equipment. In 2009, the company will be able to process 600,000 million tons of ores.

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