Pan Gang plans to invest 5 billion yuan to comprehensively promote green and intelligent underground mining of vanadium-titanium magnetite.

According to Panzhihua Iron and Steel Group, Panzhihua Iron and Steel Group Mining Co., Ltd. recently held a start-up meeting for the Zhulan iron ore vanadium-titanium magnetite green intelligent mining project department, striving to have the project officially ready to start by the end of June 2027, marking the comprehensive promotion stage of green intelligent underground mining of vanadium-titanium magnetite in Panzhihua Iron and Steel Group. The total planned investment for this project is about 5 billion yuan. After completion, the Zhulan iron mine will transition from open-pit mining to underground mining, achieving effective connection of production capacity and extending the service life of the mine for more than 40 years. The scale of deep resource construction for underground mining is 15-20 million tons per year, and the mining method uses the phased empty field full-tailings backfilling method to minimize the generation of solid waste.