June 24 (Bloomberg) -- Asia’s biggest iron ore deposit, with reserves of more than 3 billion metric tons, has been found in China’s northern province of Liaoning, the China News Agency reported, citing the local government.
The Dataigou deposit, located near Benxi city, has both magnetite and hematite material with iron content of between 25 percent and 62 percent, the report said.
The reserves at Dataigou are equivalent to the combination of all iron ore reserves in Liaoning’s Anshan and Benxi cities, the report said.
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