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Overseas business

Overseas business

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  CSGI represents Shougang to conduct overseas investment and to operate Shougang listed companies in Hierro Peru S.A.. CSGI has over 10 subsidiaries distributed in the world and the total overseas capital is 22.1 billion yuan.


Hierro Peru S.A.(SHP)

  On December 1, 1992, Shougang Group purchased 98.4% shares of Hierro Peru, and obtained permanent right of prospecting for exploiting and operating all the mineral resources in its concession area of 670km2. It has been verified that SHP iron ore reserve totals 1.681 billion tons accompanied with metallic resources such as cupper, cobalt, lead, and zinc, etc., as well as nonmetallic minerals such as dolomite and bentonite.
  The current annual production capacity of SHP is 10 million tons, with such products as Blast Furnace Pellets,Direct Reduction Pellets, Pellet Feeds, Sinter Feeds,Calibrated Sinter Feeds, etc., of which over 60% are sold to China and the rest to Asia, America,Europe as well as the local market.
  SHP also owns a power plant with the installed capacity of 62MW and a deep-water port to receive a ship with a tonnage of 200,000.


Gething Coal

  Gething Coal project, located in northeastern BC of Canada, about 970km distance from Vancouver, is co-invested by Kailuan Energy chemical Co. Ltd., CSGI and Canadian Dehua International Mines Group. The total area of the Gething Coal assets is 228 square kilometers, including three parts: eaten area of 47 square kilometers, southern area of 65 square kilometers, and BD area of 116 square kilometers. BD area is the first phase development area, construction target annual output 3 million tons high-quality metallurgical coking coal underground mining modernization mine.
  According to Feasibility study report of Shenyang Institute: the total mine geological resources is 260 million tons in mine exploration area (63.96 square kilometers), proven resources is 11.76 million tons, controlled resources is 54.58 million tons, inferred resources is 140 million tons. The project is a green project, has the progress as follows: Obtain 1 00000 tons of bulk sample construction and production license; Complete the feasibility report and expert evaluation; Complete part of the prophase work for the full mine environmental assessment application; Start part of site engineering construction; Obtain 93 skilled labors import license, etc. .


The Integrated Steel Plant of Eastern Steel SDN BHD in Malaysia

  The Integrated Steel Plant of Eastern Steel SDN BHD is a steel plant co-invested and co-founded in Malaysia by CSGI and Hiap Teck Venture Berhad. Covering an area of 600 acres, the whole project is divided into 2 phases, while the Phase I further consists of 2 steps. After the accomplishment of Phase I, an output of 1.5 million tons of slab and 0.7 million tons of coke will be achieved, with a reserved space of development in Phase II for 1.5-2 million tons of slabs and the corresponding rolling mill. The construction of “1st Step of Phase I” project, whose scheduled annual output is 0.7 million tons, had begun in 2012, and the first batch of qualified slabs were manufactured in December 2014 during the trial production.

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