Article: China: Wuhan Steel to develop mines in Madagascar.

Byline: pinto03

It is reported that falling iron ore market has not cooled off Chinese leading steel mills' enthusiasm to develop ore mines overseas. And China Business News learned from Wuhan Steel Group recently that the steelmaker has inked an agreement with Madagascar to develop local mineral resources with another company in Hong Kong.

Madagascar is the world's fourth largest island with rich mineral resources. To develop & construct overseas strategic resources base, Wuhan Steel has set up a JV ...

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