Guangdong Dading Mining increases the output of iron ore fines
2023-03-31 08:15:50 [Print]
BEIJING (Asian Metal) 31 Mar 23 - As a major producer of iron ore fines in Heyuan, Guangdong province, Guangdong Dading Mining Co. (Guangdong Dading Mining) increased the production from about 70,000t in February to around 80,000t this month.
"We expanded the production of iron ore fines by about 10,000t MoM to around 80,000t in March due to the increased supply of crude iron ore," disclosed a source of the company. According to him, they have no spot materials in hand now, the same as last month.
Based on the average grade of crude iron ore 30%min in the mines and the daily processing capacity of ore of around 8,000t in the concentrator, Guangdong Dading Mining produces iron ore fines 64%min with an annual production capacity of about 1.5 million tonnes. The company witnessed an output of about 1.1 million tonnes of iron ore fines in 2022 and produced around 220,000t in the first quarter of this year.
The present mainstream prices of iron ore fines 64%min hover at RMB910/dt (USD132/dt) Inc-VAT EXW D/A 180 days in Heyuan, stable compared with those of last week. Insiders predict that Chinese origin iron ore prices would go up in the coming week due to the price increase of imported iron ore at ports and in international market.
"We expanded the production of iron ore fines by about 10,000t MoM to around 80,000t in March due to the increased supply of crude iron ore," disclosed a source of the company. According to him, they have no spot materials in hand now, the same as last month.
Based on the average grade of crude iron ore 30%min in the mines and the daily processing capacity of ore of around 8,000t in the concentrator, Guangdong Dading Mining produces iron ore fines 64%min with an annual production capacity of about 1.5 million tonnes. The company witnessed an output of about 1.1 million tonnes of iron ore fines in 2022 and produced around 220,000t in the first quarter of this year.
The present mainstream prices of iron ore fines 64%min hover at RMB910/dt (USD132/dt) Inc-VAT EXW D/A 180 days in Heyuan, stable compared with those of last week. Insiders predict that Chinese origin iron ore prices would go up in the coming week due to the price increase of imported iron ore at ports and in international market.
