Yi'an Union Mining Awarded Maping Phosphate Mine

On December 9, the reporter learned from the Bureau of Land and Resources of Yichang Municipality of Hubei Province that the bid evaluation committee organized by the Bureau of Land and Resources of Yichang Municipality has reviewed all bid documents that meet the requirements. Hubei Yi'an United Mining Industry Co., Ltd. was finally identified as Hubei Province. The successful bidder for the prospecting right in the Maping section of the Yangliu Phosphorous Mining Area, Yuanan County. The mine is the largest phosphate deposit in a single mining area in Asia, with proven reserves of 547 million tons and a potential economic value of over 100 billion yuan.

Hubei Yi'an Union Mining Co., Ltd. was established on September 21, 2011 with a registered capital of 200 million yuan. The phosphate rock in the Yangliu Phosphorous Mining Area of ​​Yuanan County in Hubei Province attracted a total of four companies including Hubei Yi’an Mining Industry Co., Ltd., Hubei Xingfa Group, Hubei Huangmailing Phosphate Company, and Hubei Yichang Saning Company. The successful bidder Hubei Hubei Yi'an Mining Union Co., Ltd. has five years of exploration rights and Hubei has a proven reserve of 4.4 billion tons.

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