Asian Metal visits Fujian Tianbao Mining Group

On March 16, the ferroalloy business division General Manager from Asian Metal, Mr. Li Sanjun and the analyst of molybdenum, Ms. Li Bo visited Tianbao Mining Group in FuJian Province. They got detailed information about the recent development of molybdenum in this company. It is introduced that the TianBao Mining Group most concerns about gold, molybdenum, and iron ores and its yield of molybdenum concentrate ranks NO.1 in the Fujian province. The main subsidiary company of molybdenum is Gutian Tianbao Molybdenum Ltd. Co.,, with the yield of 500 tons of real tons for molybdenum concentrate per month. The quality of its products contains low copper, phosphorus and they can be easily recycled. These traits of product quality are favored by downstream enterprises from North China and Jiangsu province. In addition, WuYi TianBao branches and WuFu TianBao branches are also focus on producing molybdenum concentrate. For both these branches, their producing scales are smaller than Gutian Tianbao Molybdenum, and the producing costs are higher than its too. It is harder for these two mines to come into operation whenever the price of molybdenum is in its downturn.

Founded in 2001, the headquarter of Fujian Tianbao Mining Group is located in the heart of prosperous CBD in Fuzhou, Fujian province. Focus on ore exploring, mining and selecting, the company is one of the fastest growing private mining enterprise as well as the largest one in East China. It now has nearly 30 subcompanies, mainly focus on exploring, mining, selecting, deep processing and marketing for metals including gold, silver, molybdenum, lead, zipper, copper, iron, platinum and palladium, etc and has formed a complete industrial chain of the whole process. Its mines under operation and under construction have a production volume of about 5 million tons per year.

After the meeting, the marketing division manager, Mr. Ma Yongkang took photos with visitors from Asian Metal. Both sides indicated that they will keep close contact with each other days later and both will carry forward the good development of the molybdenum industry.