Chinese steelmaker Hebei Iron and Steel Group established the headquarter office of Changyu iron ore project and accelerated the development of Changyu iron ore mine exploration.
Hebei Iron and Steel Group as well as Chinese companies Hebei Yinghua Mineral and Tangshan Donghai Steel have established Changyu Iron Ore Company in July 2011 to develop the Changyu iron ore deposit.
During the 12th Five Years, the annual capacity may reach 5 million tonnes; the ancillary facilities including transformer substation, water system and office facility will be built at same pace.
The Changyu iron ore deposit in Xiangtang, Luanxian County, Tangshan City only a road away from Sijiaying Iron Ore Deposit. The deposit contains magnetite iron ore of average iron content of 29.24% with proven reserves of 120 million tonnes