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19 Jul
09:03

China establishes mineral resources group

The central government organized iron ore centralized procurement group, China Mineral Resources Group, was incorporated in the Xiongan area of Hebei Province on 19 July, Kallanish notes. The business scope of this new group is mainly the mining of mineral resources (excluding coal mines), mineral processing, mineral washing and processing, metal ore sales, and the import and export of goods. Its registered capital is CNY 20 billion ($2.96 billion).…
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