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Wuhan Steel to Exploit Australian Iron Mine

Wuhan Steel to Exploit Australian Iron Mine

Write: Anisa [2011-05-20]

Wuhan Steel (WISCO) International Resources has signed a binding framework agreement with a Canadian listed mining company to jointly develop the Lac Otelnuk iron ore mine in Quebec, Canada. WISCO will invest 790 million yuan to acquire a 60 percent stake in the project boasting magnetite reserves of approximately 6 billion tons.