Energy Insider: China Weighs Plan to Boost Iron Ore Production
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Steelmakers Push Domestic Mining to Secure Supply
The China Iron and Steel Association convened a meeting with major domestic miners and regulators on Friday to discuss a plan to boost the country’s iron ore output. Attendees included officials from the NDRC and the Ministry of Industry and Information Technology, along with more than 20 major enterprises such as China Mineral Resources Group, Baowu Resources Co. Ltd. and Ansteel Group Corp. Ltd. Participants discussed issues such as land approval, mining rights renewal and ecological compliance costs.
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- China Mineral Resources Group
- China Mineral Resources Group was among the more than 20 major enterprises that attended a meeting with the China Iron and Steel Association, domestic miners, and regulators. The meeting discussed plans to boost China's iron ore output and addressed issues such as land approval, mining rights renewal, and ecological compliance costs.
- Baowu Resources Co. Ltd.
- Baowu Resources Co. Ltd. was a participant in a meeting organized by the China Iron and Steel Association. This meeting, which also included major domestic miners and regulators, aimed to address strategies for increasing China's iron ore output.
- Ansteel Group Corp.Ltd.
- Ansteel Group Corp.Ltd. is one of the more than 20 major enterprises that attended a meeting with the China Iron and Steel Association, domestic miners, and regulators. This meeting aimed to discuss a plan to boost China's iron ore output and address issues like land approval and mining rights.
- Aluminum Corp. of China Ltd.
- Aluminum Corp. of China Ltd. (Chinalco) is a key stakeholder in the Simandou iron ore project in Guinea. A vessel carrying 200,000 tons of high-grade ore from this mine, marking its commercial debut, recently departed for China. This shipment signals a new strategic supply corridor for China, aiming to reduce reliance on Australian and Brazilian imports.
- Jiangxi Copper Co. Ltd.
- Jiangxi Copper Co. Ltd. (600362.SH) is a Chinese miner that has attempted to acquire the remaining shares of London-listed SolGold PLC. Owning 12.19% of SolGold, Jiangxi Copper's non-binding cash offers of 26 pence per share were rejected by SolGold's board, leaving the possibility of a formal offer uncertain.
- Zijin Mining Group Co. Ltd.
- Zijin Mining Group Co. Ltd. (601899.SH) is undergoing a leadership change as its founder, Chen Jinghe, is stepping down as chairman. This move aims to transition the company from being "founder-driven" to "system-driven." Chen will serve as honorary chairman and advise on strategy while citing age and family reasons for his decision.
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