Shougang
Encyclopedia
Shougang is one of the Chinese largest steel company. Based in Beijing municipality, its operations are being moved out of the city prior to the Olympics due to major pollution concerns.
Its subsidiary and listed company, Beijing Shougang Company Limited , was established in 1999 and listed on the Shenzhen Stock Exchange
in 2005. It also has other 4 subsidiaries listed on the Hong Kong Stock Exchange
, Shougang Concord International
, Shougang Concord Century , Shougang Concord Grand and Shougang Concord Technology .
as Shougang Hierro Peru operates the Marcona Mine in the Marcona District
, an open-pit
iron mine acquired in 1992. There have been continuing labor troubles. The mine is on the Pacific coast of southern Peru.
Its subsidiary and listed company, Beijing Shougang Company Limited , was established in 1999 and listed on the Shenzhen Stock Exchange
Shenzhen Stock Exchange
The Shenzhen Stock Exchange is one of the People's Republic of China's two stock exchanges, alongside the Shanghai Stock Exchange. It is based in Shenzhen, China...
in 2005. It also has other 4 subsidiaries listed on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
, Shougang Concord International
Shougang Concord International
Shougang Concord International Enterprises Company Limited is the subsidiary of Beijing-based state-owned Shougang Group engaging in seven businesses: steel manufacturing, steel trading, shipping segment, electric generation, property investment and management and other corporate...
, Shougang Concord Century , Shougang Concord Grand and Shougang Concord Technology .
Foreign operations
The company, operating in PeruPeru
Peru , officially the Republic of Peru , is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean....
as Shougang Hierro Peru operates the Marcona Mine in the Marcona District
Marcona District
Marcona District is one of five districts of the province Nazca in Peru. The district capital is San Juan de Marcona a port on the Pacific coast.-Marcona Mine:The major industry in the Marcona District is the Marcona Mine, an open-pit iron mine...
, an open-pit
Open-pit mining
Open-pit mining or opencast mining refers to a method of extracting rock or minerals from the earth by their removal from an open pit or borrow....
iron mine acquired in 1992. There have been continuing labor troubles. The mine is on the Pacific coast of southern Peru.