Recently, a uranium-molybdenum mine project in Hebei province, which is held by CNNC and is worth more than RMB 50 billions, progressed well. It was expected to try to produce the products at the beginning of the year of 2009. On Aug 13, 2008, Mr. Qiu Jiangang, vice-president of CNNC, inspected this project.

    The uranium-molybdenum mine was located at Guyuan, Hebei province. It is a big intergrowth mine of uranium and molybdenum. Molybdenum is a kind of rare metal, and is applied to metallurgical industry. It can be produced the addictive of alloyed steel, and its market value is high.

    Mr. Qiu inspected the construction situation of uranium-molybdenum mine, and then talked with local leaders about the project. He thankeds the local governments for supporting the construction of the mine.

    Mr. Wang Delin, director-general of Jinyuan Uranium Industries Co., Ltd, introduced the project situation. ‘Why does the project progress quickly?’ ‘Because we create a new kind of co-operation mode.’ he said. ‘The project is totally operated at the norm of market-economy system, and carries out the general manager responsibility system which is under the Board of directors.’