Ningbo Kunye Trade Co., Ltd. has won the bid for the mining right of a bauxite deposit in Xiazaolin, Shanxi for approximately RMB4.56 billion (USD639 million), according to the online trading platform of natural resources of Shanxi province.
The deposit has bauxite resources of around 18.35 million tonnes, hard clay minerals resources of 28.21 million tonnes, Shanxi-type iron ore resources of 6.73 million tonnes, and gallium mineral resources containing 1,357.6 tonnes of gallium.
