Approved by China Securities Regulatory Commission, Jian Zheng Zheng Jian Fa Zi [2004] No.80, the company publicly issued 220 million RMB ordinary shares on June 14, 2004, and listed on Shanghai Stock Exchange on June 29, 2004. The stock is called Shandong Iron and Steel for short, and the stock code is 600022.
The company name was changed from Jinan Iron and Steel Co., Ltd. to Shandong Iron and Steel Co., Ltd., and the English name was changed from Jinan Iron and Steel Co., Ltd. to Shandong Iron and Steel Co., Ltd., which took effect on February 27, 20 12. Laiwu iron and steel group co., ltd was established in June 1.970+0.65438. After more than 40 years of construction and development, it has become a large iron and steel enterprise group with an annual output of10.4 million tons of steel. In March 2008, Shandong Iron and Steel was reorganized, and Laigang was affiliated to Shandong Iron and Steel Group Co., Ltd., with total assets of 84 billion yuan and 39,000 employees, including 28,000 steel workers. Holding 14 subsidiaries such as Laiwu Iron and Steel, Luyin Investment and Qilu Securities, and participating in 1 1 auxiliary restructuring unit. Steel products mainly include section steel, strip steel, special steel and bar. Laigang is the largest and most comprehensive H-beam production base in China, the largest gear steel production base in China and the largest powder metallurgy production base in China.
20 1 1 year, Laiwu steel group produced a total of1412000 tons, pig iron 14488000 tons and steel14/kloc-0. Second, the overall operating performance is good. The whole group achieved sales revenue of 72.6 billion yuan, total profits and taxes of 4,965.438 billion yuan and total profits of 2.526 billion yuan. Jigang Group Co., Ltd. was established in 1958, with 36,800 employees. Its products are mainly medium plate, medium plate, hot rolled plate and cold rolled plate, and it is a super-large iron and steel complex with a production capacity of10 million tons. The company has successively won the honorary titles of national environment-friendly enterprise and excellent circular economy enterprise in Shandong Province. It was identified as the first batch of pilot units of circular economy in China and listed as the national "Eleventh Five-Year Plan" circular economy demonstration enterprise.
20 1 1 year produces 8.34 million tons of steel, 8.77 million tons of iron and 8.62 million tons of steel. On July 10 and 13, AfricanMinerals announced that Shandong Iron and Steel Group will invest1500 million USD in the company, mainly for its Tonkolili ore project and related infrastructure construction.
According to the agreement between the two parties, Shandong Iron and Steel Group will acquire 25% of the rights and interests of the Tangkeli Project through this transaction, and at the same time, it can purchase iron ore100000 tons from Tangkeli Mine at a discount every year. The company will use this investment to build an iron ore transportation railway line from Tangkri to the coast, which is expected to be completed in the third quarter of 201/kloc-0, and the first batch of ore is expected to be transported to the port export in the fourth quarter of 20/kloc-0. African mining companies have previously indicated that they plan to provide 75 million tons of iron ore to China every year in order to break the monopoly of the three major iron ore companies. This figure is equivalent to more than twice the total iron ore exported by Vale to China in the first quarter of 20 10. The quarterly financial report released by Brazil's Vale in May, 200010 shows that the total amount of iron ore imported by China steel enterprises from Vale shows a downward trend: in the first quarter of 20 10, Vale exported 27.62 million tons of iron ore to China, accounting for 4.265438+0% of the company's total sales, while in the same period of 2009, it exported 34.63 million tons of iron ore to China, accounting for 66%.
"Different from the cooperation mode between China iron and steel enterprises and Australian and Brazilian mining companies, the cooperation mode we are now giving to China companies is to make them part of the resources we have and become the owners of the whole production, which provides China enterprises with the opportunity to buy mines at low cost." Frank Timis, chairman of African mining companies, revealed in an interview with the media.
Zhang Lin, an analyst of Zheng Lu Futures Steel, said that as large state-owned enterprises, China Railway Materials and Shangang represent the government's thinking and breakthrough attempt on how to develop and utilize resources. Of course, this attempt will also encounter many difficulties.
"Investing in African mining can really be effective. It is estimated that it will take a long time to truly enhance China's right to speak in iron ore negotiations, and more enterprises need to go out and cooperate to develop minerals." Zhang Lin said.
According to public information, Tangkrili Iron Mine is located in Sierra Leone, West Africa, with proven resource reserves of 654.38+005 billion tons, with an average grade of about 30%. This is the largest magnetite in the world, which meets the JORC standard.
20 10 African mining also sold part of its equity to China railway materials, plus an off-take agreement for future iron ore production. Shandong Iron and Steel Group is the largest iron and steel enterprise in Shandong Province, and it is also a platform for integrating iron and steel enterprises in the province. Through Shangang's large-scale investment in African mining industry, we can see Shangang Group's efforts to seek its own mining industry.
Shangang Group owns 8 mining enterprises including Lunan Mining, Shimen Iron Mine, Liu Ling Iron Mine, Jinling Iron Mine, Shandong Jinding Mining, Jinan Steel City Mining, Laiwu Mining and Laiwu Jinniu Mining. The total recoverable reserves of the above eight mining enterprises are 2130,000 tons, of which the iron concentrate production capacity of Jinling Iron Mine is1180,000 tons, the iron concentrate production capacity of Laiwu Mining Co., Ltd. is 700,000 tons, and the average production capacity of the other five iron concentrates is about 200,000 tons. Not only does Shangang want to break the monopoly of the three major mines, but China iron and steel enterprises also have the impulse to import iron ore from outside the three major mines, and have been looking for possible ways. While seeking more sources of iron ore imports, China steel enterprises also increase their self-supply ratio by owning their own mines and increasing the mining ratio. The Ministry of Industry and Information Technology approved the Application Report of the Old Iron Mine Reconstruction and Expansion Planning Project of Angang Group. After the implementation of this project, the iron ore output of Angang Group is expected to double in the next 10 year, and its own iron ore is expected to meet 75% of the production demand.