Tis a shame that BGD couldn't complement their press release with something about MCC. This is the first time we have heard officially that MCC and BGD are working together - quite a significant step and one to promote I would have thought....
Here is some information about MCC which shows the scale of the company BGD are working with. I think we are well on our way now. Their website like some of Boulder's press releases could do with some work though: http://www.mccchina.com/english/index.asp
Xinhua News Agency, Beijing: Metallurgical Corporation of China Limited, co-invested by China Metallurgical Group Corp. (MCC) and Baosteel Group Corporation (Baosteel), was set up on November 29 in Beijing, signifying that MCC's share-holding system transformation has made an important achievement and that MCC has turned on a new page in its construction of a world-level enterprise after listed in "Fortune 500" for the first time earlier this year. In the field of metallurgy, MCC Group, a state-owned large-scale enterprise under the management of State-owned Assets Supervision and Administration Commission (SASAC), is a contractor with the longest history and the strongest design power for metallurgical engineering. It has also participated in the planning, design and construction of almost all the large-medium Chinese steel enterprises like Baosteel and Ansteel (Angang Steel Company Limited). It also takes a leading role in non-ferrous metal metallurgical engineering. In the sector of equipment manufacturing, China Jingye Engineering Construction Contraction Corp. (CJYC), one of MCC's subsidiaries, set up a pilot test base in Yingkou, Liaoning Province to manufacture complete sets of equipment with independent intellctual property right to enhance the independent research and development (R&D) capabilities. And in real estate development, MCC is one of the twelve central enterprises approved by SASAC to take real estate as one of the key businesses and its real estate footprints are seen in Beijing, Nanjing and Wuhan. More, the largest affordable housing project in Nanjing contracted by China Real Estate Co., Ltd. (MCC RE), with a total construction area of 1,450,000 square meters, has attracted the concerns from United Nations Human Settlements Programme (UN-HABITAT). In 2008, MCC was seen among the "Fortune 500" list for the first time. Besides, it ranked the 32th and 12th of "Chinese Top 500 Enterprises" and top 225 international contractors respectively. Metallurgical Corporation of China Limited, with MCC and Basoteel taking 99% and 1% of the shares resepctively, will take technical innovative as its core competitiveness to consummate its industrial chain and to strengthen the technical commercialization abilities. The new company will, by relying on the contracting of metallurgical projects both home and abroad and the long-term development of resources, set up a trans-industrial and trans-national super-large conglomerate focused on engineering contracting, resource development, equipment manufacturing and property development.
