国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

WISCO buys into Canadian miner

By Jiang Wei (chinadaily.com.cn)
Updated: 2009-03-31 14:29

Wuhan Iron Steel Corp (WISCO), one of China's largest steelmakers, has agreed to pay $240 million to acquire a 19.9 percent stake in Canada's Consolidated Thompson Iron Mines Ltd, the Canadian company said.

In addition, WISCO will receive not less than a 25 percent interest in a newly incorporated company established to operate the Bloom Lake mine. It will also purchase a similar percentage of iron ore production over the life of the mine.

"This partnership will also strengthen Consolidated Thompson's potential to expand from the current mine plan of 8 million tons per year to 16 million tons of annual production of iron ore," said Consolidated Thompson's Chief Executive Richard Quesnel.