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湘东地区是湖南省宁乡式铁矿储量丰富的主要地区,50多个铁矿点已知总储量2.5亿吨,其中工业总储量0.9亿吨。已勘探、生产的六个主要矿区总储量1.2亿吨,其中工业储量5,873万吨。湘东铁矿始建于1970年,1974年底完成基建投资5,866.81万元,建成矿山生产能力75万吨。到1984年10月底止,累计生产原矿425.88万吨,成品铁矿334.12万吨,完成工业总值6,958.14万元,是湖南省目前铁矿生产的主要矿山。由于矿床地质条件复杂,矿体薄,品位低,采掘(剥)比大,成本高,加之铁矿石价格偏低,1973～1984年累计政策性亏损
The Xiangdong region is the main area rich in iron ore reserves in Ningxiang, Hunan Province. Over 50 iron ore reserves have been known to have a total reserve of 250 million tons, of which the total industrial reserves are 90 million tons. The total reserves of the six major mining areas that have been explored and produced are 120 million tons, of which 58.73 million tons are industrial reserves. Xiangdong Iron Mine was founded in 1970, completed by the end of 1974, infrastructure investment 58,868,100 yuan, the completion of mine production capacity of 750,000 tons. By the end of October 1984, a total of 4,248,800 tons of crude ore and 3,341,200 tons of finished iron ore were produced, with a total industrial output value of 69,581,400 yuan, making it the main mine for iron ore production in Hunan Province. Due to the complex geological conditions of ore deposits, thin ore bodies, low grade, large extraction (stripping) ratio, high cost and low iron ore prices, the cumulative policy losses from 1973 to 1984