According to the investment agreements, China Baowu, a major steelmaker headquartered in Shanghai, will hold 49 percent stake in Shandong Iron and Steel.

Under the MoU, China Baowu and Rio Tinto plan to jointly advance specific decarbonisation projects, demonstrating their commitment to play a leading role in the industry’s low-carbon transformation.

China's biggest listed steelmaker said Wednesday it expects the Simandou iron ore project in Guinea will complete infrastructure construction and mine its first cargo by the end of 2025.

Business Rio Tinto, China's Baowu seek to use low grade ores for cleaner steel A Rio Tinto logo is seen on a helmet in an office at Oyu Tolgoi copper mine in the Gobi Desert, Mongolia March 13, 2023.

China’s steel production fell by more than 10% from a year earlier in August as the industry reeled from low prices and a damaging slump in demand.

China Baowu Steel Group has completed its purchase of a stake in the Simandou project in Guinea, as China’s top steelmaker looks to expand its interest in the world’s largest untapped iron ore ...

Baowu Steel absorbs Sinosteel's prowess in resource development and importing of raw materials. The addition of Sinosteel's mining assets will boost Baowu's global competitive advantage.

ADELAIDE, Australia—Rio Tinto PLCRIO0.33%increase; green up pointing triangle and China Baowu Steel Group Corp. agreed to develop a $2 billion iron-ore project in Australia, one of the largest ...

China Baowu chairperson Derong Chen said that collaboration with iron-ore suppliers and enhancing the strategic planning of iron -ore were key to Baowu’s strategy.

(Reuters) -Rio Tinto Ltd said on Wednesday it would team up with its biggest customer China Baowu Steel Group to develop an iron ore project in Western Australia for $2 billion as it looks to prop ...

The positions in the table below reflect the Baowu Group's position overall, domestically, within their sector, and in various subject areas based on their Share. Each position links to the ...