Baotou Iron and Steel (Group) Co., Ltd. is a state-owned enterprise engaged in the iron and steel industry. Founded on June 3rd, 1998, and headquartered in Baotou City, Inner Mongolia. It is one of the earliest iron and steel industrial bases built after the founding of New China, the originator of the world rare earth industry and the largest rare earth scientific research and production base.
Its business scope includes steel and rare earth industries, mining and non-steel industries, and it owns two listed companies, "Baotou Steel" and "Baotou Steel Rare Earth".
202110/on October 29th, Baotou Steel announced that its net profit was119.57% in the fourth quarter of 2002.
mining industry
Baotou Steel owns not only its own mines such as Baiyun Obo Mine, but also mining companies that manage external mineral resources. It has controlled more than 600 million tons of iron ore equity resources and has carried out extensive resource cooperation with enterprises in Australia, Mongolia and other countries. There are two1000 million tons coalfields in Inner Mongolia Autonomous Region, which have certain non-ferrous metal resources and industrial development capabilities.
Non-steel industry
The non-steel industry of Baotou Steel Group is all kinds of auxiliary production units and service units set up to meet the production needs of Baotou Steel. The earliest establishment of non-steel industrial units was basically synchronized with the construction of Baotou Steel, and formed considerable economic strength.
Rare earth industry
Acquisition of rare earth ore
201212 On February 5, Baotou Steel Rare Earth announced today that it would invest 80514,000 yuan to purchase 6 million tons of rare earth ore from the owner and east mine of Baiyun Obo, which has been mined by Baotou Steel Group.
Rare earth industry in Baotou Steel
The rare earth industrial reserve in Baiyunebo Mine of Baotou Steel accounts for 62% of the world and 87. 1% of the whole country respectively. The unique resource advantages have formed the unique industrial advantages of Baotou Steel, mainly steel and rare earth. At the end of 1959, Baotou Steel trial-produced the first batch of rare earth ferrosilicon alloys, which was the beginning of the development of rare earth industry in Baotou Steel and China. The development and utilization of rare earth resources in Baotou Steel is highly valued by the party and the state.
Baotou Iron and Steel (Group) Co., Ltd. occupies an important position in the national strategic pattern of "opening to the north". Baiyunebo Mine in Baotou Steel is a world-famous polymetallic mine such as iron, rare earth, niobium and thorium. It is the largest iron mine in the northwest of China, and its rare earth reserves rank first in the world, while niobium and thorium rank second in the world.