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Nonferrous Metal News24/12/2004

Feedback Corporation Starts Mineral Concentrate Production in the Mine of Heilongjiang in the Beginning of 2005
Feedback Corpopration, Hiroshima Prefecture, western Japan, whose president is Kazuhiko Kitamoto, has promoted its own unique businesses in China as a venture company of development of mines. The ore dressing equipment of the zinc mine in Heilongjiang Province, northeast China, was completed on the other day. The construction had been promoted since January 2002. Throughout authorization of environmental assessment and forestry location use, etc., the firm started the construction this June.

In the mine, mineral concentrate production will be starting in the beginning of 2005. The zic mineral concentrate will be imported through Marubeni Corporation, the Japanese major trading firm, to Japan next March-April; the trading volume will be 15,000-18,000 tonnes as a total of the first fiscal year.

Feedback had the actual result of the management of the mine in Benxi, Liaoning Province of northeast China. Furthermore, in June 2000, the firm founded the mine management company, whose total capital was 89.5 million yuan and rate of investment was 49% for Japanese firms, under joint management with the mining firm in Dalian, Liaoning Province.

The mineral concentrate production capacity will be 350 tonnes per day, and the first fiscal year's mineral concentrate production will be 22,000 tonnes; a-third of the whole production will be for lead mineral concentrate mainly to China; and two-third of that will be for zinc mineral concentrate mainly to Japan. The sales target is 1 billion yen according to Feedback. The firm will also have the right of another mine in Heilongjiang Province next spring in order to promote production increases of lead and zinc mineral concentrate. At the same time, it is planning new construction of the facility of iron concentration in future because there is ample iron ore in the mine.




Today's Japan Metal Bulletin E-mail
Feedback Corporation Starts Mineral Concentrate Production in the Mine of Heilongjiang in the Beginning of 2005
Japan, Electric Products Grow to 20 trillion yen in 2005
Mitsui Mining and Smelting Raises Official Quotation of Zinc to 171,000 yen

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