24
Nov
00:00
Fosun to boost iron ore output after mine listing
China’s Hong Kong-listed investment firm, Fosun International, says it plans to list a mining joint venture in Southern China’s Hainan province and use the funds to expand production. The expansion of the 3.3 million tonne/year concentrate producer and iron ore miner comes as iron ore prices hit their lowest point in five years, Kallanish notes.
The company intends to raise Yuan 1.76 billion ($287m) by selling 10% of Hainan Mining, of which it pl…
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Anonymous
Very good overview of the weekly steel market.
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