« Three Years To Finish Construction And Then We Can Start Mining”

M. Wang, how far are you in the implementation of the Kribi-Lobe Iron project? 
We are preparing for future construction. Here, is the area of the plant. Basically, after we have done everything and make it flat, in the future, we will construct the enrichment plant. The different areas will be cleaned and flattened. From the map, you can see the whole DUP area is 138 square kilometers. Basically, our flattened area will be over 42 million square meters. For our production, at the beginning, we plan to reach two million tons of raw materials and gradually we will increase to our target which is four million tons per year. If we reach four million tons, we can increase to 10 million tons. In the future, depending on the conditions of the market or other conditions, it is possible to increase to even higher.

What is the actual deposit estimated on this site?
According to our studies, it is around 600 million tons of raw material. If we estimate from 600 million raw material which is about 30 to 33 per cent content of iron, we will be producing about 100-200 million of the final production,...