4 Sept., 2014 – In 2014, Panzhihua City earns USD71.17 million (RMB439 million) for the exploitation right of its vanadium titano-magnetite. Of this, Panzhihua Kungang Group Co., Ltd. pays USD30.55 million (RMB188.46 million), Sichuan Anning Iron & Titanium Co., Ltd. pays USD39.70 million (RMB244.87 million) and Panzhihua Renjiang Mining Co., Ltd. makes a supplementary payment for USD970,346.95 (RMB5.99 million).