Xinyu private enterprise, Jiangxi Yongson Mining Company signed the cooperation contract with Baosteel Resources Co., Ltd on February 22. According the contract, Baosteel Resources Co., Ltd will acquire an 11.03 % stake or 11 million shares in Jiangxi Yongson Mining Company. Jiangxi Yongson Mining Company and Baosteel Resources Co., Ltd will strengthen the cooperation in raw material supplement, sales, resources exploiting and so on.
Mayor Li Anze met Li Qingyu, Manager of Baosteel Resources Co., Ltd.As a solely owned subsidiary to Baosteel Resources Co., Ltd. in registered capital of 36 million Yuan, Shanghai Baosteel Steel Resources Co., Ltd. engages in purchasing,processing and selling scrap steel and consumable parts for steel making process, scrap car wrecking, shredding and autoparts repair and reuse,and then supplies to clients with high-quality scrap charges. .\
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