Baowu announced that the port delivery ceremony for the first batch of equipment for the 1.5 million tonne dry grinding project of Liberia Bong Mine of Baowu Resources was held in Duanshan Port in Daxin Town in Zhangjiagang in Jiangsu Province of China on 21 December 2022. In April this year, Baowu Resources signed a project cooperation agreement with its partners to jointly promote the substantive construction of the 1.5 million-tonne dry grinding and separation project. Now it has completed the bidding for equipment engineering and started on-site survey work. The iron ore resources of the Liberia state mine project are about 1.436 billion tonnes, with an average iron grade of 35.48%. It is an important project in the overseas resource development sector of Baowu Resources, and it is also one of the largest investment projects in Liberia so far.