Apr 18, 2011

Chinese companies start Nickel mining project in Myanmar

Xinhua reported that the Myanmar Taguang Taung Nickel Ore Project Mining System, with joint investment from China Nonferrous Group and TISCO has been put into operation.

Mr Yang Haigui secretary of the Communist Party Committee of TISCO said that the project's smelting system will be put into operation within the year.

The project is the biggest cooperative mining project between China and Myanmar and is expected to provide 85,000 tonnes of high grade ferronickel annually upon completion.

Mr Yang said that "The construction of the project can help alleviate the shortage of nickel resources in China."

Located on the bank of the Fenhe River in Taiyuan, a city in north China's Shanxi Province, TISCO is the world's largest stainless steel enterprise with an annual output of 10 million tonnes of steel. The company's products include stainless steel, cold rolled silicon steel and high strength and toughness steel.

Source: Xinhua


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