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Found that niobium tantalum resource
China iron titanium hair of police, in the second half of this year and the first half of next year's expected group containing vanadium iron concentrate production will reduce does not exceed 300000 tons and 250000 tons respectively. Group in the second half of this year and, therefore, revenue and profit of the first half of next year will be substantially less than the same period last year and this year, respectively.


Company also disclosed, was discovered nb-ta mineral white grass iron ore. Group has been appoint to hire geological geochemical exploration team to the white grass iron ore in sichuan province to conduct a preliminary investigation and preparation of a preliminary investigation report. A preliminary investigation showed white grass iron ore may contain economic recoverable nb-ta mineral resources. According to the results of a preliminary investigation of the geological and geochemical exploration in sichuan team has been suggested that group in white grass iron ore for further exploration.


According to the preliminary investigation report, potential nb-ta mineral resources are widely distributed in the white grass iron ore mining area. If a group to continue its normal mining of iron ore operations in white grass, white grass iron ore potential of niobium tantalum mineral resources may be lost. To better preserve the white grass iron ore potential of nb-ta mineral resources, geological and geochemical exploration team in sichuan province has been suggested that group is the white grass preservation measures during iron ore for further exploration. By consideration of geological and geochemical exploration team in sichuan province and iron ore prices falling in recent years, the board believes that preserve the white grass iron ore potential of nb-ta mineral resources is important. As a result, the board decided to accept the advice of the geological and geochemical exploration team in sichuan province and adjust the group of normal drilling operations, designed to preserve the white grass iron ore potential of niobium tantalum ore resources. Therefore, white grass of iron ore mining operations by the look in July this year has affected for a period of no more than 11 months. In the period, the white grass containing vanadium iron ore of iron ore production will be drastically reduced.
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