en.Wedoany.com Reported - China Yankuang Energy Group Co., Ltd. (600188.SH) disclosed on the investor interaction platform on June 16, 2026, that its controlled subsidiary Yankuang (Xinghe) Molybdenum Co., Ltd. obtained a mining license for the Caosiyao Molybdenum Mine in May 2026, with construction expected to commence in the second half of 2026. Located in Xinghe County, Ulanqab City, Inner Mongolia Autonomous Region, this mine is a super-large porphyry molybdenum deposit with one of the largest resource reserves in China.
Yankuang Energy Group Co., Ltd. is a major energy enterprise in China primarily engaged in coal, coal chemical industry, high-end equipment manufacturing, and new energy and new materials. Its controlled subsidiary Inner Mongolia Mining (Group) Co., Ltd. (holding 51% equity) is responsible for the development and operation of the Caosiyao Molybdenum Mine. Yankuang (Xinghe) Molybdenum Co., Ltd. is a wholly-owned subsidiary of Yankuang Energy focused on the development of non-ferrous metal mineral resources.
According to the feasibility study report prepared by Changsha Nonferrous Metallurgy Design and Research Institute Co., Ltd., the Caosiyao Molybdenum Mine has molybdenum ore resources of approximately 1.04 billion tons, with a molybdenum metal content of 1.089 million tons and an average grade of 0.105%, accompanied by various valuable elements such as tungsten, zinc, lead, gold, silver, and sulfur. The mine is designed with a mining and processing capacity of 16.5 million tons of raw ore per year, with an annual molybdenum concentrate output of approximately 30,800 tons upon reaching full production. The project adopts a method of open-pit mining first, followed by underground mining, with a total investment of nearly 10 billion yuan. The open-pit mining project is expected to be completed and put into operation by the end of 2028. According to industry analysis, the project is expected to achieve an annual output value of nearly 10 billion yuan after commissioning, forming a full industry chain cluster of "mining, beneficiation, smelting, and processing."
The Caosiyao Molybdenum Mine was discovered in 2010 by the Second Institute of Geological Exploration of Henan Province. After years of geological exploration and procedural processing, it has officially entered the development stage. This project is a strategically important mineral project promoted by the Inner Mongolia Autonomous Region and will provide significant support for China's molybdenum resource supply upon completion.
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