en.Wedoany.com Reported - Baowu Resources Co., Ltd. held the opening ceremony of the "Shanhai Plan" Overseas Local Employee Integration and Enhancement Training (Phase 3) at the Baowu Tower in Pudong New Area, Shanghai, on June 8, 2026. Shi Bing, Secretary of the Company's Party Committee and Chairman, announced at the ceremony that with the early commissioning of the Simandou project and the steady ramp-up of the West Pit and Ashburton projects, Baowu Resources' overseas iron ore output has exceeded domestic production for the first time, making the company the world's fifth-largest iron ore producer.

Baowu Resources is a wholly-owned subsidiary of China Baowu Steel Group Corp., established in 2019 and headquartered in Shanghai. It primarily engages in the investment, development, trading, and logistics of mineral resources such as iron ore, coal, coke, alloys, and non-ferrous metals. The company owns multiple mining assets both domestically and internationally, including the West Pit iron ore project in Western Australia (a joint venture with Rio Tinto), the Ashburton project, and the Simandou iron ore project (northern block) in Guinea. The Simandou project is one of the world's largest known undeveloped high-grade iron ore deposits, with proven reserves exceeding 2.4 billion tons and an average grade of approximately 65%. It achieved early commissioning in early 2026, with an expected annual capacity of 120 million tons upon full production. The West Pit project is a joint venture mine between Baowu Resources and Rio Tinto in the Pilbara region of Western Australia, with a designed annual capacity of 40 million tons. The Ashburton project is a wholly-owned medium-sized iron ore mine of Baowu Resources, with an annual capacity of approximately 15 million tons.

This training, led by Baowu Resources' Human Resources Department and jointly planned with the Talent Development Institute, Wuhan Engineering Vocational and Technical College, and multiple headquarters departments, is based on the concept of "Beyond MORE•Crossing Mountains and Seas, Striving for Excellence." It targets 18 outstanding local employee representatives from countries and regions including Guinea, Australia, Singapore, and Hong Kong, China. The training aims to enhance the professional skills and cultural integration of overseas employees, accelerate the establishment of a team of overseas local talents who identify with Baowu's culture and possess an international perspective, and provide talent support for the company's goal of building a world-class green mineral resources company.

Baowu Resources stated that overseas iron ore output exceeding domestic production for the first time marks a new phase in the company's international operations. According to the 2025 global iron ore producer ranking released by Australian mining consultancy AME Group, Baowu Resources ranked fifth with an annual output of approximately 165 million tons. The top four were Vale S.A. (250 million tons), Rio Tinto (230 million tons), BHP (210 million tons), and Fortescue Metals Group (FMG, 190 million tons). The increase in Baowu Resources' overseas output is mainly attributed to capacity releases from the Simandou project and Australian projects, which have changed the company's previous production structure dominated by domestic mines.

This structural change in output not only reflects Baowu Resources' enhanced global resource allocation capabilities but also provides new support for the stability of the upstream raw material supply system of China Baowu Steel Group.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com