Lates News

On June 4th local time, Hu Wangming, the Party Secretary and Chairman of Baowu Group, visited the site of the Ashburton iron ore project in Australia to conduct on-site inspections and research on the production and shipping situation during the project's capacity ramp-up period. The Baowu Resources Ashburton project, located in the Pilbara region of Western Australia, is a jointly developed iron ore project by Baowu, Mineral Resources Limited (MRL) of Australia, POSCO of South Korea, and American Metals & Coal International (AMCI) with a designed annual capacity of 35 million tons. Baowu owns approximately 22.66 million tons of commercial rights at the Ashburton project per year. The project is currently in the capacity ramp-up phase and aims to achieve a full system capacity of 30 million tons per year in the third quarter of this year.