HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: China annual consumption of >80% Chrome relies on imports

China annual consumption of >80% Chrome relies on imports

posted on Oct 01, 2008 07:40AM

Excerpt from a Chinese newspaper

Chromium is an important strategic one, because it has a hard-quality, wear-resistant, high temperature, corrosion-resistant properties, such as in the metallurgical industry, refractory and chemical industries has been widely used. In the metallurgical industry, chromite is mainly used to produce chromium and chromium iron alloy. Chromium iron alloy, as steel production is expected to add a variety of high-strength, corrosion resistance, wear-resistant, high temperature, oxidation-resistant special steel, such as stainless steel, acid-resistant steel, heat-resistant steel, ball bearing steel, spring steel, tool steel, and so on. These special steel and special alloys are aviation, aerospace, automotive, shipbuilding, defense industry, as well as the production of guns, missiles, rockets, ships, and other essential materials. In the refractory, chromite used to make bricks chromium, chromium magnesia brick and other special refractories. Chromite in the chemical industry, mainly used to produce sodium dichromate, and preparation of other chromium compounds, used in paint, textile, electroplating, leather industries, but also the production of catalysts and catalytic agent. China's shortage of chromite ore, low reserves, low production, the annual consumption of more than 80% rely on imports.

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