Inner Mongolia Baotou Steel Union Co., Ltd. (SHSE:600010) agreed to acquire mine resource of Baiyun Ebo from Baotou Iron & Steel (Group) Co., Ltd. for CNY 1.1 billion on December 9, 2016. Under the terms, the buyer will acquire the relevant assets of comprehensive utilization engineering of mine resource of Baiyun Ebo. The transaction was approved by the Board of Inner Mongolia Baotou Steel Union Co. at the 31st session of the 4th directorate on December 9, 2016.