Core Viewpoint - China Iron Titanium (00893.HK) emphasizes the strategic importance of its high-grade iron ore business and plans to develop and expand this segment through a construction contract worth RMB 34 million with a contractor for mine upgrade and expansion services [1][2]. Group 1: Strategic Plans and Developments - The company has entered into a construction contract for mine upgrade and expansion, with a total value of RMB 34 million, to enhance its high-grade iron ore operations [1]. - The strategic decision to upgrade and expand the Maoling-Yanglongshan iron mine is based on the resource integration program completed in 2023, aimed at optimizing production and increasing operational efficiency [2]. - The company plans to increase the annual production capacity of iron concentrate from the Maoling-Yanglongshan mine by approximately 30% to 40% following the upgrade, which is expected to improve economies of scale and reduce unit production costs [2]. Group 2: Operational Efficiency and Future Assessments - Since resuming production in December 2024, the high-grade iron ore business has stabilized, although ongoing site upgrades and expansions have intermittently affected economies of scale [1]. - The company intends to evaluate the feasibility of the next phase of site upgrades and expansions to maintain and enhance the overall productivity of its high-grade iron ore business in the long term [1].
中国铁钛(00893.HK)：毛岭－羊龙山铁矿升级扩产