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Home • Metallurgy news

HBIS Resources to increase sales of HBIS Hong Kong iron ore by 400 million yuan

HBIS Resources увеличит продажи железной руды HBIS Hong Kong на сумму 400 миллионов юаней

On November 27, Chinese mining company HBIS Resources Co., Ltd, located in Hebei Province, announced that due to rising iron ore prices in the second half of the year and increased sales of high-quality iron ore, its board of directors approved a proposal to increase sales of HBIS Hong Kong iron ore by 400 million yuan.

After adjustment, HBIS Resources' sales of HBIS Hong Kong iron ore are estimated to reach 1.171 billion yuan ($0.16 billion) in 2025, including 812 million yuan between January and October.

HBIS Resources indirectly controls the South African mining company Palabora Mining Company (PMC) through Smart Union Resources (Hong Kong) Co., Ltd., while HBIS Group is the controlling shareholder of HBIS Resources.

Iron ore shipments will be shipped from South Africa to HBIS Hong Kong and then sold to Chinese steel producers.