Fujian Makeng Mining Co., Ltd. Granted NAFMII Approval for Short-term Financing Bond Issue under Guidance of Dacheng

Fujian Makeng Mining Co., Ltd. was recently granted approval from National Association of Financial Market Institutional Investors (“NAFMII”) for its planned issuance of short-term financing bonds.

Makeng Mining Co., Ltd. is a state-owned, underground iron ore mining enterprise specializing in the exploitation of iron ores, molybdenum ores and limestone (used in cement). It key products include 65%-Fe iron ore concentrates and 45%-Mo molybdenum concentrates. Makeng Iron Ore Mine is one of the well-known, giant magnetite ore deposits in China, with 434mln tons of proved geological reserves of B-, C- and D-grade iron ore, larger than any other iron ore mines in East China.