The mining claim of Hongge vanadium-titanium magnetite mine in Yanbian, Sichuan has been put up for auction, according to a notice from the Sichuan Government Affairs Service and Public Resources Exchange Service Center.
Hongge V-Ti magnetite mine is located in Xinjiu, Yanbian, with mineral reserves including around 3.256 billion tonnes of iron ore, 285 million tonnes of titanium dioxide, 5.99 million tonnes of vanadium pentoxide and 488,400 tonnes of cobalt. The auction for a 30 years of mining claim to the mine will begin on November 15, with the starting price at RMB1.05 million (USD143,479). The registration deadline for the auction is November 14.
For more information, please visit: https://www.asianmetal.com/news/1997379/Sichuan-Hongge-V-Ti-magnetite-mining-claim-put-up-for-auction/14
