New JV forms largest barite company in China
Published: Wednesday, 30 October 2013
A joint venture named Tianzhu Chemical Mining Corp. has been formed between Hao Hua Chemical Group (82%) and Rocky Mountains Industrial Development Company (18%) to mine barite for chemical and drilling-grade markets in the Tianzhu area of Guizhou, China.
Rocky Wu and Ian Wilson*
Chinese barite (barytes) miner
Rocky Mountains has formed a joint venture with Hao Hua
Chemical Group, which could see it becoming the largest barite
supplier in China with an output of 500,000 tpa.
The announcement, which was made at
IMs Chinas Industrial Minerals and
Markets Roundtable (see pp8-9), which...