| Brief Profiles Of Investment Projects
For China's Agenda 21 |
| Title | Production of Titanium Slag | ||||||||||||||||||||||
| Type | New production of titanium slag from concentrates | ||||||||||||||||||||||
| Description | |||||||||||||||||||||||
| A plant will be constructed at the company's facilities in Panzhihua city, Sichuan province for the production of titanium slag (metallurgical coke) which uses the titanium concentrates from the Pangang mining operation. Capacity is 100,000 tons per year. The process is as follows: Titanium concentrates are processed through the closed EAF smelting process to produce titanium slag which is then cooled, crushed and packaged. By-products include pig iron and iron powder. | |||||||||||||||||||||||
| Rationale | |||||||||||||||||||||||
| The trend in the production of TiO2 is toward the use of Ti slag to replace the use of concentrates or Ti sand ore. The use of the closed EAF process has the advantages of occupying a small space, high capacity production and improved grades of titanium; the use of this high quality slag as the input for TiO2 production can reduce the use of concentrated sulphuric acid by one-third with little by-product of FeSO4. Titanium slag (78 - 82% ) is an important material for producing white titanium and other titanium products. This high metal content effectively reduces the capital and operating costs for producing titanium products. The titanium reserves in this area are abundant, representing over 35% of the world total. The project can improve the comprehensive usage level of Ti resources, make full use of Fe, improve the usage factor of equipment, control environmental pollution, and represents a significant economic benefit for the enterprise. | |||||||||||||||||||||||
| Products | |||||||||||||||||||||||
High Ti-slag (TiO2 content 78%-82%), capacity 100,000 t/y; By products: Pig iron - 31,000 t/y; Iron powder - 10,000 t/y. | |||||||||||||||||||||||
| Location | Panzhihua city, Sichuan province | ||||||||||||||||||||||
| Available Information | Detailed Project Description, Technical Study, Market Study | ||||||||||||||||||||||
| Total Investment (US$) | 19.28 million |
Foreign Currency (US$) |
3.01 million | ||||||||||||||||||||
Financing |
Co-operation Sought | ||||||||||||||||||||||
| Total Equity (US$) | 7.23 million |
Joint Venture | |||||||||||||||||||||
| Of which Equity Foreign Partner (US$) | 3.01 million |
Equipment Purchase | |||||||||||||||||||||
| Loan (US$) | 12.05 million |
Know How and Technology | |||||||||||||||||||||
| Others(specify) (US$) | |||||||||||||||||||||||
| Indicators of Viability | Return on Investment: 19%; Pay-back Period: 7.5 years | ||||||||||||||||||||||
INFORMATION ON SPONSOR | |||||||||||||||||||||||
| Name | Panzhihua Iron and Steel (Group) Company | Tel | +86-812-3399079 | ||||||||||||||||||||
| Address | Panzhihua city, Sichuan province | Fax | +86-812-2224103 | ||||||||||||||||||||
| Annual Turnover (US$) | 1993 | 640 million | 1994 | 630 million | 1995 | 850 million | |||||||||||||||||
| Year of Establishment | 1965 | No. of Employees | 104,782 | Ownership | State | ||||||||||||||||||
| Fixed Assets (US$) | 1265 million | Registered Capital (US$) | 306.44 million | ||||||||||||||||||||
| Land (ha.) | 5,399 | Building(m*m) | 1,256,036 | Equipment (US$) | 675.4 million | ||||||||||||||||||
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