09
Jun
01:00
Pangang dumps loss-making Karara on un-listed sister company
Panzhihua Steel and Vanadium (Pangang), part of the Anshan Iron and Steel Group (Angang), says that it has transferred ownership of the delayed, over-budget and loss-making Karara Mining to Angang Group Hong Kong Holdings. The mine had been a serious drag on the company’s annual results, Kallanish notes.
The Karara magnetite mining project in Western Australia was initiated by Angang and Australia’s Gindalbie Metals in 2007. It has proven reserve…
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