On December 22, CIE and Qingdao Bangtuo New Materials Technology Co., Ltd. (Qingdao Bangtuo), a subsidiary of Shanxi Jianbang Group Co. Ltd. (Shanxi Jianbang), signed the contract for the General Contracting Project of 4 Million Tons of Oxidized Pellet (mineral separation supporting project with a capacity of 5 mt/a).

This project is another large-scale project for deep processing of imported iron ore after projects such as the Pellet Grinding Unit EPC Project of Zenith Steel Group Company Limited, Imported Iron Ore EP Project of Lianyungang Yaxu, Grinding Classification System and Filtration System Renovation EP Project of Baosteel (Zhanjiang), and Iron Ore Processing EP Project of Lianyungang Hengxintong Mining Co., Ltd., further strengthening the leading position of CIE in the pre-ironmaking market and imported iron ore deep processing market.