Metalnewsnet Dec.29--Jinan YuXiao Group has in succession gained  the exploration and mining rights in Mozambique for more than 20 limestone, zirconium titanium and gold-copper mine. The whole mining area has reached 800 square kilometers. It is reported that Jinan YuXiao-Group is China's first mine private investing corporation in Mozambique. YuXiao Group seizing the chance, has acquired five zirconium and titanium area.

"Next year after the end of production, we can produce zirconium titanium sand about 200,000 tons, of which 40,000 tons zirconium, titanium, 160,000 tons," Wu Tao, chairman of the company said. And he disclosed further all the zirconium and titanium products will be sold back to China.

The zirconium and titanium mine in Mozambique is not only in large storage and high grade, but also easy to exploit. The average grade of zirconium and titanium can be up to 5% and the highest quality even reaches to 40%. Exploitation of these mines will significantly improve the domestic demand for zirconium titanium.

According to reports, China’s largest titanium zirconium producer--Hainan Nonferrous Mining Company has signed a cooperative development agreement in Mozambique with YuXiao group.