Transfer of prospecting right of the multi-metal iron mine of Tawenchahan in Golmud, Qinghai province
| Project Number | CN20100208002 |
| Project Name | Transfer of prospecting right of the multi-metal iron mine of Tawenchahan in Golmud, Qinghai province |
| Transfer Proportion(%) | 70% |
| Price | 550(M RMB) |
| Publication Period | 2010-02-06 - 2011-02-08 |
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| Profile | The mining area covers an area of 18.56 square kilometers. It is located at Qimantage folding belt, a famous mineral belt in the south end of the Qaidam Basin In this belt, prospected large and medium-sized multi-metal iron mines include Kendekeke, Galinge and the main mine Tawenchahan. Among them, the submitted detailed iron ore reserve of Kendekeke mining area is 77 million tons, ranking the largest prospected iron mine in Qinghai province. Galinge has a reserve of 40 million tons (in the process of detailed prospecting), a little smaller than the main mine. Other small-scale iron mines with a capacity of several million tons and ten million tons are densely distributed on the belt. After two years and a half of on-spot verification and detailing, the submitted reserve of the mining bed is as follows: The ore reserve of magnetite is 45.6 million tons (among them, 332-level is 28 million tons, 333-level 17.35 million tons, and 333-level low grade magnetite ore is 250,000 tons), with an average grade of 34.38 percent. Copper 16,000 tons (grade 0.68 percent); associated copper 600 tons (associated grade 0.37%) Molybdenum 1,200 tons (grade 0.07 percent); associated molybdenum 5 tons (associated grade 0.029 percent) Gold 0.3 ton (grade 2.82g/T); associated gold 6.1 tons (associated grade 0.17g/T) Zinc 6,050 tons (grade 3.44 percent), associated zinc 410 tons (associated grade 0.79 percent) Lead 1,400 tons (grade 4.12 percent) Associated silver 72 tons (associated grade 58.07g/T) The mineral deposit is a medium-sized multi-metal iron deposit. The owner of the prospecting right is Shanghai Newtend Science and Technology Development Co Ltd. It owns 100 percent of the shares for prospecting. It intends to transfer 70 percent of the prospecting rights at a price of 5.5 trillion yuan. |
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| From | CBEX |