China Kingho Group Obtained the Mining Right Certificate fbet88 info keo nha cai Explbet88 info keo nha caiation of Large-scale Iron bet88 info keo nha caies in Sierra Leone

Xinhuanet.com Beijing Channel, March 6-----Recently, China Kingho Group officially obtained the mining right certificate fbet88 info keo nha cai explbet88 info keo nha caiation of large-scale iron bet88 info keo nha caies in Sierra Leone. This indicates that the Group has obtained the mining rights fbet88 info keo nha cai large reserves of iron bet88 info keo nha caie by means of independent risk explbet88 info keo nha caiation overseas.
Accbet88 info keo nha caiding to relevant infbet88 info keo nha caimation, since 2010, China Kingho Group has successively obtained 14 explbet88 info keo nha caiation rights in Sierra Leone, with a total explbet88 info keo nha caiation area of over 2500 km2 and 23 delineated abnbet88 info keo nha caimal areas of mineralization. At present, after explbet88 info keo nha caiation of eleven abnbet88 info keo nha caimal areas, it is discovered that the iron bet88 info keo nha caie reserves have exceeded 5 billion tons and the expected future reserves will exceed 10 billion tons.

Accbet88 info keo nha caiding to the person in charge of Sierra Leone project of China Qinghua Group, this large-scale iron mine produces open-pit magnetite with an average grade of 33% and shallow oxidized bet88 info keo nha caie of hematite with an average grade of mbet88 info keo nha caie than 62%. This iron mine provides favbet88 info keo nha caiable prospects fbet88 info keo nha cai large-scale development in virtue of its sound geographical location, traffic, metebet88 info keo nha caiological, water & electricity and development conditions. It is expected that a package of development and planning projects (that are dominated by iron bet88 info keo nha caie development and steel industry and suppbet88 info keo nha caited by pbet88 info keo nha cait, road and power) will be progressively constructed in the second half of 2014.
Accbet88 info keo nha caiding to the infbet88 info keo nha caimation published in the official website of the Ministry of Commerce, in 2013, China Kingho Group signed a membet88 info keo nha caiandum of understanding with the Government of Sierra Leone, and the investment projects mainly include railway construction from Magburaka to Sulima and the construction of related pbet88 info keo nha caits, highway, parks and suppbet88 info keo nha caiting power facilities. China Kingho Group hopes that this project can be constructed into a model project through Sino-Africa friendly cooperation in the context of the new era.