29
Nov
03:35
Shougang to sell its stake in Huoqiu mine
Shougang Mining Investment is selling its shares in Anhui Shoukuang Dachang Metal Materials on the Beijing Equity exchange. Shoukuang Dachang was established as a vehicle for the exploration of the Huoqiu iron mine. The CNY 9.9 billion ($1.5 billion) investment project has been on hold for several years following major official corruption cases, news of which broke in 2013.
The Huoqiu iron mine was first prospected in the 20th century with known reserves of 165 …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous