Does this big brother know about the vanadium power plant in Xingang?

New Steel Vanadium (000629): The company is the largest integrated iron and steel enterprise in western China, one of the largest rail production bases in the world and China, and one of the largest vanadium production bases in China. Panxi, where Xingang Vanadium is located, is one of the regions with the richest mineral resources in the world, and the second largest iron ore area in China, accounting for 20% of the country's reserves. The reserves of vanadium titanomagnetite are nearly 65.438+000 billion tons, of which the vanadium reserves are 6.5438+05.7 million tons (calculated by vanadium pentoxide), accounting for 66.2% of the national vanadium reserves and 654.38+065.438+0.6% of the world reserves. At the same time, Panxi area is rich in hydropower resources, coal mining is intensive, and adjacent areas are rich in limestone supply, with obvious resource advantages. At present, more than 85% of the iron ore used in vanadium industry in Xingang comes from Panzhihua and its surrounding areas, and imported ore accounts for only a small part, which is mainly used for smelting and ore blending. Therefore, the international iron ore price increase has little effect on vanadium in Xingang. At the same time, Panzhihua and its surrounding mines are all high-titanium vanadium-titanium magnetite, which requires very high smelting technology. The technology of smelting high-titanium vanadium titanomagnetite with ordinary large blast furnace in Xingang Vanadium is world-leading, which solves the worldwide problem of smelting high-titanium vanadium titanomagnetite, and also makes Panxi iron ore have strong exclusivity, which strengthens the exclusivity of Xingang Vanadium to Panxi resources and gives the company incomparable resource advantages to other domestic steel enterprises. In order to strengthen the control of resources and turn resource advantages into competitive advantages, vanadium industry in Xingang has begun to intervene in mine development. At the beginning of 2006, the company and Panzhihua Iron and Steel Group established a joint venture project company, with 80% shares of Xingang Vanadium to jointly develop Baima Mine. This time, the company issued 3.2 billion yuan of convertible corporate bonds, of which 65.438+0.2 billion yuan will be used for the development and construction of Baima Mine. Baima Mine will be completed and put into operation by the end of this year, and mining will begin next year. Mine development income will gradually increase, which will have a positive impact on the company's performance. Under the background of high iron ore price, the strategic significance of controlling resources of new steel and vanadium is extraordinary. By extending the industrial chain upstream, the company will help to improve the structure of enterprises facing full competition in the production process and relying solely on economies of scale to obtain profits, and further increase the company's profit sources and space.