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China's Ministry of Industry and Information Technology (MIIT) has announced its approval for the merger strategy of Chinese steelmaker Tangshan Bohai Iron and Ore Co. Accordingly, Tangshan Bohai Iron and Ore will be able to speed up its restructuring of 12 steel enterprises in the district of Fengnan, Tangshan, Hebei, with the merger work expected to be completed by the end of 2012.
 
The merger activity in question will create the largest private sector producer in northern China. At present, Tangshan Bohai Iron and Ore's annual steel output capacity is 15 million mt.