Mianning inks deal for 30ktpa REO processing project
2025-05-29 14:02:51 [Print]
On May 24, Mianning County signed a cooperation agreement with China (Liangshan) Rare Earth Group to expand rare earth oxide mining and processing capacity. The deal was one of the ten projects signed at the 20th Western China International Fair (WCIF) in Chengdu, with total investment exceeding 15 billion yuan (213 million US dollars).
Under the agreement, the company will invest up to 587 million yuan (81.54 million US dollars) to expand processing capacity by 30,000tpa of rare earth oxides (REO) through technical upgrade in Mianning's core rare earth zone, which is expected to further enhance the region's resource development efficiency.
Mianning is a key part of the Panzhihua-Xichang Strategic Resource Zone and holds some of China's largest rare earth reserves.
Under the agreement, the company will invest up to 587 million yuan (81.54 million US dollars) to expand processing capacity by 30,000tpa of rare earth oxides (REO) through technical upgrade in Mianning's core rare earth zone, which is expected to further enhance the region's resource development efficiency.
Mianning is a key part of the Panzhihua-Xichang Strategic Resource Zone and holds some of China's largest rare earth reserves.
