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Home PRESS RELEASE Industry Tendency Progress of 2012 Global Main Iron Ore Exploration Project

Progress of 2012 Global Main Iron Ore Exploration Project


Progress of 2012 Global Main Iron Ore Exploration Project

Though recently the development of Chinese construction industry and steel industry decrease, the demands for iron ore still set to rise in China in 2012. Rio Tinto Group anticipates that, the progress of Chinese industrialization and urbanization will keep promoting Chinese demands for iron ore. So, Rio Tinto Group will invest USD 14 Billion in iron ore project in 2012. They plan to improve the iron ore production capacity from 20 million ton to 3.53 billion ton in PILBARA area of Western Australia till the first half year of 2015; and enlarge the export volume of Lambert Angle port from 20 million ton to 4.53 billion ton. Sam Walsh, the CEO of Rio Tinto Group’s iron ore department, said on 24th May that, in 2016, the Rio Tinto's global iron ore production capacity will improve to 4.5 billion ton, including their Canada iron ore project and Simandou iron ore project in Guinea.

BHP Billiton Ltd. will invest USD8.22 billion to explore the No.24 ore body which is located 10km to the north east of Newman of Western Australia. The annual production capacity of No.24 Iron body is 17 million ton, and will be explored in the second half year of 2012. BHP Billiton Ltd. will put off their plan of investing USD 800 billion in the following five years and they will not approve any big investment in the next six months.

Vale S.A also announces to reduce 11% of their investment budget in 2012, and put off their biggest iron ore exploration project. Their Serra Sul project in Carajas will be delayed for two years. They plan to invest USD 80.4 billion in this project. It will be put into production in 2016, and the designed production capacity is 90 million ton. 

Iron ore Crushing Machine, such as jaw crusher, impact crusher, spring cone crusher etc. produced by Zhengzhou Unique Industrial Equipment Co., Ltd is widely used in the iron ore crushing plant.



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Zhengzhou Unique Industrial Equipment Co., Ltd.
ADD: 38 Nongke Road,  Zhengzhou City, Henan Province, China.
Zip Code: 450008
Tel: +86-371-63699132
Fax: +86-371-63935058
E-mail: info@sinounique.com

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