The reporter learned from the Hubei Yichang Land and Resources Exchange Center that the highly anticipated bid opening ceremony for the prospecting rights of the Yangping Phosphate Mining Section of the Yangliu Phosphorous Mining Area in Yichang, Yichang City, Hubei Province was held on December 6 at the bidding center of Yichang City. This marked that The exploration and development of the Yangliu phosphate deposit in the Yuanan County, Asia’s largest single-phosphorus deposit, has entered a new milestone. The tender attracted a total of four companies from Hubei Yi'an Mining Industry Co., Ltd., Hubei Xingfa Group, Hubei Huangmailing Phosphate Company, and Hubei Yichang Saning Company to participate in the bidding, and the notary office in Yichang City and the provincial land resources. The bid opening was conducted under the joint supervision of the department. Pursuant to the "Mining Resources Law of the People's Republic of China", the "Measures for the Administration of Bidding, Auctioning and Listing of Mining Right for Exploration Rights" and relevant laws and regulations, entrusted by the Ministry of Land and Resources of Hubei Province, the Yichang Municipal Bureau of Land and Resources has transferred the Yuanan County of Hubei Province by public bidding. Yanglin Phosphorite Mining Section Exploration Right. The mining section must be fully prospected and explored. The bidding applicant or the applicant’s holding company must be a large-scale phosphorus chemical independent enterprise legal person engaged in mining, selection, and integration. The applicant or its holding company has been established or is in Hubei Province. Phosphorus chemical project built. It is estimated that there are 547 million tons of phosphate ore resources in the whole mining area, including 429 million tons of marginal economic reserves and 118 million tons of secondary marginal economic reserves. Initially identified, the average grade of phosphate rock is 25.46%, and the potential economic value exceeds 100 billion yuan. It is understood that the project was listed by the Ministry of Land and Resources as one of the top ten ore-producing achievements in the country in 2010, and Hubei Province's proven reserves of phosphate minerals have therefore ranked second in the country. The time limit for the granting of exploration rights is 5 years, calculated from the date the licensee obtains the exploration permit. At present, the tendering and bid evaluation of the prospecting rights project is being conducted in an intense and orderly manner. The bid evaluation committee adopts a comprehensive scoring method to review the bid documents, and scores are scored according to the scores and scored comprehensively. The highest score is recommended by the Bid Evaluation Committee as the candidate for the bid. The successful bidder will be announced by the Hubei Provincial Department of Land and Resources.
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