en.Wedoany.com Reported - The Shapinggou Molybdenum Mine beneficiation project has officially commenced construction in Guanmiao Township, Jinzhai County, Lu'an City, Anhui Province, China.
Sun Xuelong, Deputy Mayor and First-Level Inspector of Lu'an City, attended the groundbreaking ceremony and announced the start of the project. Dong Yile, Secretary of the Jinzhai County Party Committee, and Long Yi, Vice President of Zijin Mining, 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 county-level leadership teams and relevant functional departments of the city and county, participated in the event.
In his speech, Dong Yile pointed out that the launch of the beneficiation project marks a new phase in the development of the Shapinggou Molybdenum Mine and signifies a milestone in the city's "Steel and Molybdenum" industrial development strategy. Moving forward, Jinzhai County will provide comprehensive resource guarantees to ensure the project is completed and operational as soon as possible.
Long Yi stated that Zijin Mining will focus on building a green, safe, intelligent, tourism-oriented, and prosperity-driven mine, accelerating the creation of a hundred-billion-yuan molybdenum-based industrial cluster. The company aims to transform the world-class resource advantages into tangible drivers for county development, supporting the high-quality economic growth 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. Once operational, it will 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 will exceed 10 billion yuan, and the project will create 2,000 jobs.
The Shapinggou Molybdenum Mine is a porphyry-type molybdenum polymetallic deposit with a massive ore body and stable thickness variations. The molybdenum metal resource is 2.1 million tons, with an average grade ranging from 0.187% to 0.2%. The designed mining and processing capacity is 10 million tons per year, with an expected average annual molybdenum output of approximately 22,100 tons after reaching full production. The project adopts a development method using main and auxiliary shafts combined with a ramp, and the mining method is large-diameter deep-hole open stoping with subsequent backfill. The beneficiation process includes primary crushing, semi-autogenous grinding, ball milling, flotation, and concentrate thickening and filtration. The final product is molybdenum concentrate with a molybdenum grade of 57%, and the mine's service life is 84 years.
On October 21, 2022, Zijin Mining acquired 84% equity of Jinsha Molybdenum Industry Co., Ltd. through a public listing process for 5.91 billion yuan, securing control of the mine. After an equity transfer agreement in February 2026, Zijin Mining holds 60% equity of Jinsha Molybdenum Industry and leads the project's development and operation.
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