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Western Mining's wholly-owned unit obtains mining license for iron polymetallic deposit in Qinghai, valid until 2043
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Western Mining Co., Ltd. announced on September 21 via a stock exchange filing that its wholly-owned subsidiary, Qinghai Ganxin Mining Development Co., Ltd., has obtained a mining license from the Qinghai Provincial Department of Natural Resources for the Tawenchahan iron polymetallic deposit in Golmud City. The license covers the extraction of iron, copper, gold, molybdenum, zinc, lead, and silver ores, and is valid from August 31, 2026, to August 30, 2043. The mining area holds proven industrial iron ore reserves of 36.9545 million tonnes, along with associated gold metal of 4 tonnes and copper metal of 10,950 tonnes. The company stated that obtaining this license completes the transition from exploration to mining, which will enhance its iron resource security and consolidate its competitive advantage in the iron ore industry.
Source report
September 21 (Futures News) — Western Mining Co., Ltd. announced that its wholly-owned subsidiary, Qinghai Ganxin Mining Development Co., Ltd., has recently obtained a mining license for the Tawenchahan Iron Polymetallic Mine in Golmud City, issued by the Department of Natural Resources of Qinghai Province.
The licensed mining varieties include iron ore, copper ore, gold ore, molybdenum ore, zinc ore, lead ore, and silver ore. The license is valid from August 31, 2026, to August 30, 2043.
Key resource data for the mining area:
- Industrial iron ore reserves: 36.9545 million tons
- Associated gold metal: 4 tons
- Associated copper metal: 10,950 tons
The acquisition of this mining license marks the completion of the "exploration-to-mining" transition. This development is expected to strengthen the company's iron resource security and consolidate its competitive advantage in the iron ore industry.
Source
domesticNeutral / independent
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Western Mining's wholly-owned subsidiary obtains mining license for iron polymetallic deposit