On July 15th, Gelunhui reported that Hainan Mining (601969.SH) announced that the company's non-public offering of shares raised funds for the 'suspension magnetization roasting technology renovation project of the Shilu iron ore' (hereinafter referred to as the 'roasting project'). The project is a technical renovation of the company's existing beneficiation plant at Shilu iron ore. Based on the original equipment, the project realizes the improvement of product quality and comprehensive utilization of resources through the construction of new systems such as pre-selection desulfurization, suspension magnetization roasting, natural gas cracking, tail gas dust removal and desulfurization, roasting ore grinding and sorting.
As of now, the roasting project has completed the construction and equipment installation, and the roasting furnace system was successfully put into operation recently, with the commissioning of each device being smooth and the process being unobstructed.