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Article: China: Wuhan Steel to develop mines in Madagascar.
- Article from:
- TendersInfo
- Article date:
- November 15, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...