SHANGHAI, Mar. 26 (SMM) – Inner Mongolia’s Hulunbuir city is inviting investment for a metal mine which has a measured reserve of 150,000 tonnes of molybdenum, 40,000 tonnes of copper and 200 tonnes of silver.
The mine area is located in Hulunbuir’s Arun banner, is 30.92 square kilometers in size and suited for open-pit operations, the local government said on its website on Mar. 22.
Total investment to develop the mine is estimated at 2 billion yuan ($325 million), annual revenue and tax at 4 billion yuan and 1.5 billion yuan, respectively, it said.