Sichuan Anning to invest in vanadium-titanium asset integration
2025-07-22 14:50:32 [Print]
Sichuan Anning Iron and Titanium Co., Ltd. announced that it plans to invest approximately RMB6.51 billion (USD907 million) in cash, paid in installments, to acquire a 100% stake in Panzhihua Jingzhi Mineral Resources Co., Ltd. through the restructuring and consolidation of Jingzhi Mineral and its affiliates, Huili Hongxin Industry & Trade Co., Ltd. and Panzhihua Liyu Mining Co., Ltd. Upon completion, Jingzhi Mineral will become a wholly-owned subsidiary of Sichuan Anning, which will also hold full ownership of Huili Hongxin and Liyu Mining.
Jingzhi Mineral focuses on the mining, processing, and sales of vanadium-titanium magnetite, with titanium concentrate and vanadium-titanium iron concentrate as its main products. It obtained a mining license in 2021 with an approved capacity of 2.6 million tonnes per year but is currently not in operation.
Its primary asset is the mining right to the Xiaoheiqing Jingzhi iron deposit in Huili County. Hongxin's main assets include titanium processing equipment and a tailings pond, while Liyu Mining holds iron ore processing equipment and a waste dump. Together, the three companies form an integrated operation for vanadium-titanium magnetite mining, processing of iron and titanium concentrates, and tailings disposal. As of the end of 2023, the Xiaoheiqing deposit held 113 million tonnes of ore reserves, containing 10.66 million tonnes of TiO2.
Jingzhi Mineral focuses on the mining, processing, and sales of vanadium-titanium magnetite, with titanium concentrate and vanadium-titanium iron concentrate as its main products. It obtained a mining license in 2021 with an approved capacity of 2.6 million tonnes per year but is currently not in operation.
Its primary asset is the mining right to the Xiaoheiqing Jingzhi iron deposit in Huili County. Hongxin's main assets include titanium processing equipment and a tailings pond, while Liyu Mining holds iron ore processing equipment and a waste dump. Together, the three companies form an integrated operation for vanadium-titanium magnetite mining, processing of iron and titanium concentrates, and tailings disposal. As of the end of 2023, the Xiaoheiqing deposit held 113 million tonnes of ore reserves, containing 10.66 million tonnes of TiO2.
Rutile Conc TiO2 95%min EXW China
Unit:RMB/mt
China titanium dioxide producers' inventory to production ratio statistics by province by month
Unit: %
