Hongxing Adopts Conveyor Belt Technology at Iron Ore Mines

Hongxing Mining Machinery Co., Ltd, as a mining major in Central China, is replacing in-mine trucks with 23 miles of conveyor belts at the Chinese iron ore mines to connect its deposits to a plant that upgrades ore. The plan, which also includes construction of a second railway line through the nation, will allow our company to reduce the transportation costs from mine to port by up to $15 per ton, reducing half of current operational costs.

The project is part of our strategy to regain its position as the first-largest mining company in Central China. Hongxing project director Mr. Yang addressed that the conveyor belts, which will be used across the iron ore mines in Central China, are expected to reduce fuel consumption by an estimated 66%, while decreasing emissions by the equivalent of 7, 500 small cars.

The conveyor belt technology has been previously used in various coal mines, but this is the first time a major iron ore mine has opted to fully replace its in-mine trucks with conveyor belts, according to Hongxing’s manager. The Henan mine project, a part of the mining complex in Central China, comprises $8 billion in mine investments and $11 billion in railway and port investments. Expected to commence production at the end of 2015, the project will add 9 million ton of capacity, or over 8% of global annual exports.

Hongxing Mining Machinery Company, considered to be one of the world's largest iron-ore organizations, has reserves of 7 billion ton, which is sufficient to supply to China for a ten-year period. Hongxing’s plan to build a second railway all through Central China is currently waiting for the approval from the government. The company operates nearly 1,000km of railroad network in the country to cater to its mines and to ship freight for other parties. In addition to 33,000t of iron ore, the current railway in China transports manganese, copper and coal.