en.Wedoany.com Reported - On May 26, the Ministry of Natural Resources officially issued the mining rights and mining license for the Caosiyao Molybdenum Mine in Xinghe County to Inner Mongolia Mining (Group) Co., Ltd., marking the official development phase of this super-large molybdenum mine in Ulanqab City.

Located in Xinghe County, the Caosiyao Molybdenum Mine represents a major exploration breakthrough under a government-funded project. The mine boasts outstanding resource endowment and is a super-large molybdenum mine of significant scale and influence in China. Its molybdenum ore reserves total 1.035 billion tons, with a metal content of 1.089 million tons, containing multiple valuable elements such as molybdenum, lead, zinc, tungsten, gold, silver, and sulfur. The resource reserves rank among the top in China and first in the autonomous region, characterized by shallow burial, thick ore bodies, large reserves, and ease of extraction.

The mine will be developed using an open-pit method followed by underground mining. The project's mining and processing design capacity is 16.5 million tons of raw ore per year, classifying it as a super-large molybdenum mine with a service life of 81 years. The mine is expected to be completed and commence production in 2028, with a total investment of nearly 10 billion yuan. At that time, it is projected to generate an annual output value of nearly 10 billion yuan. This will significantly drive the cluster development of local mining, beneficiation, smelting, and deep processing, help cultivate a non-ferrous metals industry cluster, and make substantial contributions to local fiscal revenue, optimizing the revenue structure and enhancing the driving role of the mining economy in fiscal growth. The advancement of this project will also provide sufficient factor guarantees for the construction of the region's national important energy and strategic resource bases.

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