28
Jun
14:28
China-Philippines to jointly develop steelworks, mine
Chinese investor Shenzhou Mining and local Philippine company Mount Zynai 0304 Mining Corp.(MZMC) are jointly developing an iron ore and steel mill project at Mount Zynai Industrial Park (MZIP) in Davao City, Zamboanga Sibugay Province.
The project, which is said to cost $1 billion and includes an ore smelter and a steel mill, broke ground last week, Kallanish learns from a local newsletter. It is expected that the steelmaking capacity will be 1.5 m…
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Very good overview of the weekly steel market.
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