On Aug 28, the Baowu Resources Rizhao Port Mineral Processing Base project officially commenced construction. The ceremony was attended by relevant leaders from the Rizhao Municipal Government and Lanshan District, Zhang Hua, Standing Committee Member of the Party Committee and Senior Vice President of Baowu Resources, Zhang Jiangnan, Party Secretary and Chairman of Rizhao Port Group, Chen Yunpeng, Party Secretary and General Manager of Shandong Iron and Steel Group Rizhao Co., Ltd., as well as representatives from the Metallurgical Engineering Company and participating construction units.
The project is located within the Lanshan Port area of Rizhao Port, leveraging existing high-quality port and yard resources for its planned development.It includes the construction of a new 10-million-mt annual capacity iron ore blending and processing line, a 3-million-mt annual capacity iron ore crushing and screening line, along with supporting public utilities.
By incorporating industrial internet technologies, the project will establish an intelligent production system, utilizing AI algorithms to achieve precise ore composition blending, thereby comprehensively enhancing product quality and production efficiency. Upon completion, the Lanshan Port area will undergo a significant transformation, upgrading from the traditional "storage-transportation" logistics model to a value-added "storage-processing-blending-transportation" model, equipped with core capabilities in iron ore crushing, screening, and blending.
It is reported that the project will integrate port hub advantages with leading industrial resources to create a full-chain service platform encompassing "procurement-logistics-processing-services," employing a self-developed intelligent ore blending system to provide steel enterprises with customized products featuring composition fluctuations within ±0.3%.
Once operational, Rizhao Port will achieve a strategic upgrade from a traditional handling port to a "trade+processing+value-added services" hub, setting a new benchmark for green development in port-side industries and establishing a strategic resource reserve base serving east and north China, thereby enhancing China Baowu's iron ore resource security capabilities.
Public records indicate that on Mar 7, 2025, Baowu Resources (Rizhao) Technology Co., Ltd. was established, with Ma Jianqiu as its legal representative, a registered capital of 200 million yuan, and business scope including mineral washing and processing, metal ore sales, and non-metallic mineral product sales. Equity analysis reveals the company is jointly owned by Baowu Resources Co., Ltd. and Rizhao Port Development Co., Ltd., both subsidiaries of China Baowu Steel Group Corporation.Baowu Resources Co., Ltd. holds a 51% stake, while Rizhao Port Development Co., Ltd. owns 49%. The joint venture will produce customized or standardized iron ore blended products.
It is reported that the Baowu Resources Rizhao Port Mineral Processing Base will process and blend iron ore products from Guinea's Simandou project, launching related products. The initiative by Baowu Group to establish iron ore processing bases at ports such as Majishan, Zhenjiang, and Rizhao from south to north will effectively accelerate the construction of a globalized ore supply chain by Baowu Resources. By integrating key elements across the industry chain, it injects new momentum into the iterative upgrade of the large-scale raw material system within the steel ecosystem, while providing solid support for low-carbon production and energy conservation as well as emission reduction efforts.
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