---
title: "NISCO's subsidiary won the exploration rights for the Fanqiao Iron Mine for 920 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239805749.md"
description: "NISCO's wholly-owned subsidiary, Anhui Jin'an Mining Co., Ltd., won the exploration rights for the Fanqiao Iron Mine in Huoqiu County for 920 million yuan, aiming to enhance the company's competitiveness in \"high efficiency, low cost, and intelligent manufacturing.\" The mining area covers 4.7334 square kilometers and has the capacity to extract 3.5 million tons of iron ore annually. Jin'an Mining's acquisition will improve resource integration capabilities and promote sustainable development"
datetime: "2025-05-12T09:37:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/239805749.md)
  - [en](https://longbridge.com/en/news/239805749.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239805749.md)
---

# NISCO's subsidiary won the exploration rights for the Fanqiao Iron Mine for 920 million yuan

According to the Zhitong Finance APP, NISCO (600282.SH) announced that in order to further enhance its competitiveness in "high efficiency, low cost, and intelligent manufacturing," the company is actively building an industrial chain ecosystem. The company's wholly-owned subsidiary, Anhui Jin'an Mining Co., Ltd. (hereinafter referred to as "Jin'an Mining"), is actively seeking to optimize its industrial chain layout and enhance its resource integration capabilities. On April 10, 2025, Huoqiu County Limin Urban-Rural Construction Investment Co., Ltd. publicly transferred the exploration rights of the Fanqiao Iron Mine (hereinafter referred to as "Fanqiao Iron Mine Exploration Rights") through the Anhui Provincial Property Rights Exchange Center via online listing.

With the approval of the company's board of directors, Jin'an Mining participated in the public bidding for the Fanqiao Iron Mine Exploration Rights. On May 8, 2025, Jin'an Mining paid a deposit of 300 million yuan. On May 12, 2025, Jin'an Mining successfully bid for the Fanqiao Iron Mine Exploration Rights at 920 million yuan; on the same day, Jin'an Mining signed the "Bidding Result Notification" with Anhui Provincial Property Rights Exchange Center Co., Ltd.

The area of the Fanqiao mining area is 4.7334 square kilometers, with the ore body distributed in a horseshoe shape, adjacent to the Caolou mining area. The ore type of the Fanqiao mine is mainly magnetite, similar to the Caolou mine, and the elevation of the two mines is basically consistent. According to the "Evaluation Report on the Exploration Rights of Fanqiao Iron Mine in Huoqiu County, Anhui Province," the Fanqiao mine has a normal production capacity of 3.5 million tons/year of iron ore and 1.04 million tons/year of iron concentrate (66%). Jin'an Mining's acquisition of the Fanqiao Iron Mine Exploration Rights is beneficial for enhancing resource integration capabilities and strengthening sustainable development capabilities. At the same time, the proximity of the Fanqiao mining area to the Caolou mining area is conducive to saving social resources and shortening the construction period

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