09
Nov
09:08
Shangang to add $700m investment in Tonkolili
Shandong Iron and Steel Group (Shangang) is planning to invest another $700 million on its Tonkolili iron ore project in Sierra Leone, according to China Daily and allAfrica.
Shangang chairman Hou Jun committed to the investment when he met Sierra Leonean president Ernest Bai Koroma on 4 November. The investment will mainly be used to build iron ore processing plants and diversifying businesses at Shangang's wholly-owned Sierra Leone Iron Ore Company, Kallan…
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Anonymous
Very good overview of the weekly steel market.
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