To get FIRB approval for the project to proceed Shougang have to make the application to the FIRB with support from ARH.Maybe the approval has been given or tonnage upgraded but what ever way it goes when you have a rich source of iron as has been demostrated someone is going to mine it
Independent Chinese laboratory test work has been completed on a 16 tonne representative sample of iron ore from the Project by the Changsha Research Institute of Mining and Metallurgy, in China, which produced a four tonne representative sample of iron ore concentrate. IM and Shougang have accepted the results from the tests performed on the 4 tonnes of concentrate produced, demonstrating that the target product quality of Fe >67.5% and SiO2 <4.5% has been achieved using the proposed concentrator plant process design. This verification test work is consistent with previous test work and has provided confidence in the Project’s process design parameters and clearly demonstrates the high quality and value of the proposed concentrate product.
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