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Baosteel strikes ferroalloy deal

Baosteel strikes ferroalloy deal

Write: Lafeu [2011-05-20]

Baosteel Resources Co Ltd signed a share transferring agreement on February 22 to take over 10 percent, or 11 million shares, of Jiangxi Yongsheng Mining and Metallurgy Co Ltd, China's third largest ferrovanadium producer and a leading ferromanganese supplier, clearing the way for their cooperation in the fields of raw material supply, marketing, resources development and information sharing.