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05 2017
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lomonbillions acquisition of upstream titanium enterprises, guarantee the supply of raw materials

Mar.20 2018      Source:ruidow

Keywords:lomonbillions

According to the Anning Ferrotitanium data, the first IPO issued in March 2017 by the end of December 31, 2015, Anning ferrotitanium reserves of vanadium titanium magnetite arrive at 296 million tons, it is expected to develop more than 30 years. The production capacity of the company's titanium concentrate (dry mine) in 2016 is 450 thousand tons and the actually output is 380 thousand and 100 tons. Since 2014, the production of titanium concentrate (dry mine) is about 9% of the country's total output since 2014.
After acquisition,lomonbillions reserves equivalent to 46.5% ilmenite that caculate from vanadium is amount to 70million tons. It has the ability of comprehensive development and utilization of vanadium titanium magnetite mining, beneficiation and smelting integration, titanium dioxide production is ranked first in Asia and arrive at 560 thousand tons per year. Company now is in the construction of 200 thousand tons of chlorination process titanium dioxide. The proposed acquisition is help to further strengthen the security of supply of raw materials, to meet the needs of the company expanded production capacity of titanium dioxide.

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