“The size has surpassed China’s total proven niobium reserve of 80,000 tonnes,” said Xu Haiming, a senior engineer with the Institute of Mineral Resources at the Chinese Academy of Geological Sciences.

It also has a proven reserve of more than 10,000 tonnes of tantalum and rare earth metals, Xu said.

Niobium and tantalum are rare metal elements, which are widely used in the fields of electronics, aviation, atomic energy, and mechanical manufacturing.

Source : Konaxis

Net income rose to 758.3 million yuan, or 0.13 yuan a share, from a restated 568.8 million yuan, or 0.10 yuan, a year earlier, the Beijing-based company said Tuesday. Sales climbed 32 percent to 18.26 billion yuan.

China Communications won more orders from China?s major three telecom carrier after the trio were awarded licenses to start 3G services this year. The phone companies may spend about 200 billion yuan on the high-speed networks, according to government estimates.

Source : Konaxis