25
Mar
03:08
PMC profit supports Hegang South Africa steelworks
Hebei iron and steel (Hegang) will benefit from its existing investments in South Africa, such as Palabora Mining Company (PMC), when building its new steelworks there, Hebei Province vice-governor Zhang Jiehui said at the 2016 Boao Forum for Asia (BFA). PMC’s profits may help secure the financing for the 5 million tonne/year project, Kallanish notes.
Zhang Jiehui said profit from PMC's copper mines over 2014 and 2015 was around $1.15 billion…
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