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The world's largest tungsten mine was discovered in China Xiamen
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It is announced by China Ministry of Land & Natural Resources that the largest tungsten mine was discovered in Xiamen. After 18 months investigation, there is 1.06 million tons of tungsten ore reserved. It might be over the existing sum of the potential tungsten in Jianxi Province with potential economic value over 300 billion yuan. The saying of South tungsten & North Copper will be re-arranged for this resource situation. One of the investors is a listed Xiamen Tungsten company from Fujian Province. Before May of 2011, this listed company is cooperated with MinreSources, the Xiamen rainbow Tungsten & Molybdenum Co., Ltd., and Jiujiang City Xiushui county government under government’s authorization. Xiamen Tungsten company and the Xiamen rainbow Tungsten & Molybdenum Co., Ltd. invested 20 billion yuan for this investigation& development project.
News Date
6/6/2012 8:46:45 AM
reported by
Ruth Wang
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