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Baotou Iron and Steel (Group) Company, Limited was reorganized in June l998 from Baotou Iron and Steel Company (established in l954). It is a large production base of iron and steel and the largest scientific research and production base of rare earth in China. It is also the most important basic industry and the first enterprise whose total sales is over l0 billion in Inner Mongolia Autonomous Region. It is one of enterprises whose taxpaying is in top l00 in China. Bangang's organization structure consists of a jurisdictional person controlled structure in the parent company, functional management departments, main part of iron and steel production, rare earth group and non--steel industry. Baogang has an assets management function, authorized by Inner Mongolia Autonomous Region, that is formed into a three--grades parent--and?Xdaughter companies structure. With RE Hi--Tech and Steel United were issued successfully on the stock market, especially after debt to equity, Baogang has developed from a government single--investor enterprise to a large?Xsize iron and steel, rare--earth group with multi--investors of Inner Mongolia Autonomous Region Government, Hurong Assets Management Company, Xinda Assets Management Company, East Assets Management Company.

It is a large production base of iron and steel and the largest scientific research and production base of rare earth in China.