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Yingye May Invest in Australian Mine

Yingye May Invest in Australian Mine

Write: Wendi [2011-05-20]

Hebei Jingye Group is in talk with its Australian partner over the issue of equity distribution related to a joint venture iron ore project in Australia. This private mill, to which Hebei Iron and Steel Group holds 10 percent of shares, needs to import more than four million tons of iron ore annually.