Wutai Yunhai Magnesium wins auction for dolomite mining claim
2023-11-06 11:53:53 [Print]
Wutai Yunhai Magnesium, a subsidiary of Baowu Magnesium Technology Co., Ltd., has won the auction for the mining claim of a dolomite mine in Dapu, Wudai, Shanxi for approximately RMB1.17 billion (USD160 million), which would further ensure a stable supply of the raw material to Baowu Magnesium for magnesium metal and alloy production.
The mining claim of the dolomite mine put up for auction is vaild for 30 years. The mine holds dolomite reserves for magnesium smelting of 345.17 million tonnes, apart from 122.45 million tonnes used for refractory materials and 111.33 million tonnes used for building materials.
The mining claim of the dolomite mine put up for auction is vaild for 30 years. The mine holds dolomite reserves for magnesium smelting of 345.17 million tonnes, apart from 122.45 million tonnes used for refractory materials and 111.33 million tonnes used for building materials.
Magnesium Ingot 99.95%min EXW China
Unit:RMB/mt
China's magnesium ingot producers' inventory to production ratio statistics by province by month
Unit: %
