en.Wedoany.com Reported - Recently, the groundbreaking ceremony for the Shapinggou Molybdenum Mine beneficiation project was held at the project site in Guanmiao Township, Jinzhai County, Lu'an City, Anhui Province.
Sun Xuelong, Deputy Mayor and First-Level Inspector of Lu'an City, attended and announced the commencement of the project. Dong Yile, Secretary of the Jinzhai County Party Committee, and Long Yi, Vice President of Zijin Mining Group, delivered speeches. Duan Zhiyi, General Manager of Jinduicheng Molybdenum Co., Ltd., Jiang Fei, Deputy Secretary of the Jinzhai County Party Committee and County Mayor, along with leaders from the four main county-level bodies and relevant municipal and county functional departments, participated in the event.
In his speech, Dong Yile stated that the launch of this beneficiation project marks a new phase in the development of the Shapinggou Molybdenum Mine and signifies a milestone achievement in the city's "Steel and Molybdenum" industrial development strategy. Moving forward, Jinzhai County will provide comprehensive support for essential elements to ensure the project is completed and operational as soon as possible. Long Yi stated in his speech that the project will adhere to the goals of building a green, safe, intelligent, tourism-oriented, and prosperity-enhancing mine, accelerate the creation of a hundred-billion-yuan molybdenum-based industrial cluster, effectively transform world-class resource advantages into county-level development momentum, and support the high-quality economic development of the old revolutionary base area.
The Shapinggou Molybdenum Mine is the world's largest concealed porphyry-type independent molybdenum deposit, with molybdenum metal reserves of 2.4594 million tons. The total planned investment for the project is approximately 8 billion yuan. Upon completion, it is expected to produce 50,000 tons of molybdenum concentrate with a grade of 57% annually. According to estimates, the annual industrial output value after reaching full production capacity will exceed 10 billion yuan, and the project is expected to create 2,000 jobs.
Additionally, other key transportation projects in Anhui Province have also made progress. The main structure of the pile-plate subgrade for the Zhonghuan Lianwei Extra-Large Bridge, the final extra-large bridge on the entire Hefei section of the S18 Ninghe Expressway (884154), has been completed. Meanwhile, the Wuhu Taishan Road Yangtze River Bridge and its connecting line project have successfully completed the pouring of the pile cap for the first form-traveler cast-in-place cantilever bridge on the entire line, laying the foundation for subsequent construction.
The Shapinggou Molybdenum Mine is a world-class, ultra-large, undeveloped porphyry-type molybdenum polymetallic deposit. The ore body is massive in scale, with stable thickness variations and large molybdenum metal reserves. The mine has molybdenum metal resources of 2.1 million tons (including reserves of 1.1 million tons), with an average grade ranging from 0.187% to 0.2%. The designed mining and beneficiation capacity is 10 million tons per year. After reaching full production, it is expected to produce approximately 22,100 tons of molybdenum annually. The development method employs main and auxiliary shafts plus a ramp, and the mining method is large-diameter, deep-hole open stoping with subsequent backfill.
The beneficiation process consists of primary crushing, semi-autogenous grinding, ball milling, flotation, and concentrate thickening and filtration. The final product of the project is molybdenum concentrate (with a molybdenum grade of 57%). The mine's service life is 84 years.
On October 21, 2022, Zijin Mining Group acquired 84% equity of Jinsha Molybdenum Industry Co., Ltd. Following an equity transfer agreement in February 2026, Zijin Mining holds 60% equity of Jinsha Molybdenum Industry and leads the project's development and operation.
On October 21, 2022, Zijin Mining signed a property rights transaction contract with Anhui Jinmu Geological Mining Co., Ltd. Through a public listing process at the Anhui Provincial Property Rights Trading Center, the company acquired 84% equity of Jinsha Molybdenum Industry for 5.91 billion yuan, securing the world's largest single molybdenum deposit—the Shapinggou Molybdenum Mine in Jinzhai County, Anhui Province.
On August 29, 2025, Zijin Mining issued an announcement stating that it had successfully acquired 84% equity of Jinsha Molybdenum Industry through a public listing process and completed the industrial and commercial registration changes, officially obtaining control of the Shapinggou Molybdenum Mine in Jinzhai County, Anhui Province.
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