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Article: China: Asia's Biggest Iron Deposit Found in China, China News Reports.
- Article from:
- TendersInfo
- Article date:
- June 26, 2009
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Byline: sanjayV03
Asia s biggest iron ore deposit, with reserves of more than 3 billion metric tons, was found in China s northern province of Liaoning, according to a local government.
The Dataigou deposit, located near Benxi city, has material with iron content of between 25 percent and 62 percent, the Benxi government said in an e-mailed statement, confirming a China News Agency report. Deposits were found from 1.2 kilometers (0.7 miles) below ground to 2.015 kilometers.
China, the biggest buyer of iron ore, wants to lift output to reduce imports from Vale SA, Rio Tinto Group and BHP Billiton Ltd. The deposit is deeper than any Chinese mines ...