Baodi Minerals halts iron ore operations at Xinjiang Congling Energy

To ensure a smooth transition between its old and new ore processing plants, Baodi Minerals has decided to adjust production plans and temporarily suspend operations at its wholly-owned subsidiary, Xinjiang Congling Energy Co., Ltd. The company will resume production in a timely manner based on the construction progress of the new processing facility.

Baodi Minerals' core business encompasses iron ore mining, beneficiation processing, and iron concentrate sales. Its primary product is iron concentrate powder produced through ore processing. The company holds cumulative identified iron ore resources totaling 461 million tons.

Despite the subsidiary's temporary halt, Baodi Minerals continues to advance its capacity expansion roadmap. Upon completion and full operation of its Beizhan Mining 10,000,000tpy project, the company is expected to produce 4,980,000tpy of iron concentrate. Additionally, the Ziluoyibei Iron Mine's 3,200,000tpy project is projected to yield over 1.3 million tons of iron concentrate per year once operational.