Hunan Gold shares surge after large deposit found in China
The Geological Bureau of Hunan Province said on Thursday that it had detected more than 40 gold veins containing an estimated 300 tons of the precious metal.
Metso will supply mining equipment to TISCO’s iron ore processing plant in Lan county Shanxi Province China. The delivery will be completed during the third quarter of 2011. The value of the order is approximately EUR 30 million. The order is included in Mining and Construction Technology’s Q2 orders received.
The order comprises three semi-autogenous mills as well as related start-up and commissioning services.
The order will be delivered to TISCO’s new iron ore processing plant, expected to be completed in 2012. The annual processing capacity of the plant’s three grinding lines will be 22 million tons of raw ore, which will be the largest capacity in China.
TISCO is China’s largest and also one of the world’s largest producers of stainless steel. In 2009, TISCO’s turnover was about EUR 10 billion.
