24
Jun
07:16
China's Hongxin builds new ore dressing line
China Jiugang Hongxing Company, part of Jiuquan Iron and Steel Group, will invest CNY 480 million ($72.6m) in a suspension magnetisation roasting ore dressing production line, according to a plan released on 23 June. Hongxing hopes it can upgrade its products and return to profit, Kallanish notes.
The line will process 1.65 million tonnes/year of iron ore fines and will be the first phase of the renovation project.
After the project starts operation, Hongxing…
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