Fushun Hanking Shangma Mining Co., Ltd., a wholly-owned subsidiary of China Hanking Holdings Limited, has recently secured a renewed mining license for its Shangma Mine. The updated license, issued by the Department of Natural Resources of Liaoning Province, expands the mine area from 6.7224 square kilometers to 10.9753 square kilometers. This expansion allows the company to tap into newly explored iron ore resources totaling approximately 79.76 million metric tons. The Shangma Mine, which operates using underground mining methods, has a production capacity of 4 million metric tons per year. The renewal of the mining license fortifies the subsidiary's minable reserves and supports the sustainable development of China Hanking Holdings' iron ore business. The company plans to undertake preliminary designs and necessary environmental assessments to align with the renewed license.
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