Large Molybdenum Deposit Discovered in Xinjiang-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Market commentary
  • Futures movement
  • Copper
  • Aluminium
  • Inventory data
  • Lead
  • Evening comments
  • Macroeconomics
  • MMi Iron Ore Port Index
  • Li-Ion Battery Cathode Material
  • Morning comments
  • Customs data
  • Silicon
  • Nickel

Large Molybdenum Deposit Discovered in Xinjiang

Industry News 08:57:42AM Jun 08, 2010 Source:SMM

SHANGHAI, June 8 -- A molybdenum deposit with proven resources of 300,000 tons has been discovered in the city of Hami in the Xinjiang Uyghur Autonomous Region, state media reported on June 5.

According to a China News Service report, exploration work on the deposit was carried out by the second geotechnical institute at the Henan Provincial Bureau of Geo-Exploration and Mineral Development. The deposit has probable undiscovered molybdenum resources of over 150,000 tons.

"We hold the exploration rights to the deposit and began (exploration) work there in 2006," an employee from the second geotechnical investigation institute told Interfax under the condition of anonymity. He declined to disclose any further information.

Interfax previously reported that a 500,000-ton molybdenum deposit has been discovered in Anhui Province. Tongling Metals will work with Anhui's Bureau of Geology and Mineral Exploration to develop the deposit.


 

Key Words:  mineral resources  minor metal 

Price

more
1# Zinc
Apr.19
21820.0
-40.0
(-0.18%)
0# Zinc
Apr.19
21890.0
-40.0
(-0.18%)
T/C for domestic zinc concentrate
Apr.01
6350.0
200.0
(3.25%)
T/C for imported zinc concentrate
Apr.01
240.0
5.0
(2.13%)
Zinc Alloy (Zamak3/ZX01)
Apr.19
22790.0
-40.0
(-0.18%)

Large Molybdenum Deposit Discovered in Xinjiang

Industry News 08:57:42AM Jun 08, 2010 Source:SMM

SHANGHAI, June 8 -- A molybdenum deposit with proven resources of 300,000 tons has been discovered in the city of Hami in the Xinjiang Uyghur Autonomous Region, state media reported on June 5.

According to a China News Service report, exploration work on the deposit was carried out by the second geotechnical institute at the Henan Provincial Bureau of Geo-Exploration and Mineral Development. The deposit has probable undiscovered molybdenum resources of over 150,000 tons.

"We hold the exploration rights to the deposit and began (exploration) work there in 2006," an employee from the second geotechnical investigation institute told Interfax under the condition of anonymity. He declined to disclose any further information.

Interfax previously reported that a 500,000-ton molybdenum deposit has been discovered in Anhui Province. Tongling Metals will work with Anhui's Bureau of Geology and Mineral Exploration to develop the deposit.


 

Key Words:  mineral resources  minor metal