[ferro-alloys.com] Recently Baotou Steel Share made an announcement that the company determined to purchase the 100% shareholding of Guyang mine by cash, so as to optimize the asset structure, reduce the related transaction with Baotou Steel Union and complete the non-public stock commitments.

 

There are 1121 staffs now in the Guyang mine corporation, where produced 231,600 tons of iron ore concentrates, 878,300 tons of dolomites and 184,500 tons of burnt dolomites in 2012. And it has formed the scale to produce 2400,000 tons of pellets yearly. There were book net assets of RMB 72.45133 million, sales revenues of RMB 524.7902 million and profit of RMB 66.9794 million until the end of 2012. The products were mainly supplied companies for raw and auxiliary materials of iron and steel smelting.