30
Aug
13:00
Citic threatens Sino Iron closure again
China’s Citic may suspend operation of Sino Iron if it cannot reach an agreement with Mineralogy over ongoing legal disputes, according to Citic chairman Chang Zhenming. The troubled 24 million tonnes/year iron ore miner has brought trouble to all companies involved but Citic hopes to add pressure on Mineralogy to settle out of court, Kallanish notes.
Chang said in a letter to shareholders this week that Mineralogy’s “... uncooperative and adve…
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Anonymous
Very good overview of the weekly steel market.
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