Following the February 2 announcement of acquiring shares of five iron ore mines in Jiangxi for 67.98 million yuan, Fangda Special has decided to take over 100 percent of two mining companies in Benxi, Liaoning. One of the targets is Tongda Ore Dressing Co Ltd running three production lines to produce 300,000 tons per year of concentrates from a 35.09 million iron ore pool grading 30.35 percent. Two new lines in the company are being built next to the existing operations, which will allow the company to increase output to 600,000 tons in July and August this year.

The other is Henghui Ore Dressing Co Ltd, which runs three production lines, plus an independent tailing pit with an annual capacity of 450,000 tons.