On January 29, Zhaoqing Natural Resources Bureau announced that the mining rights of metamorphic sandstone and granite for construction in Yonglao Mining Area, Pingfeng Town, Fengkai County, Guangdong Province would be sold for 22 years at a starting price of 1.26 billion yuan.
The mining area covers an area of 1.111 square kilometers. It is estimated that the total amount of ore and rock in each level bench is 93.5976 million cubic meters within the delineated end boundary of open-pit mining, and the mining reserves are determined to be 73.9894 million cubic meters of metamorphic sandstone and granite for construction.
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