Metallurgy: Angang looking for joint ventures
(Shenzhen Daily)
Updated: 2006-10-27 14:20
Despite its privileged access to a large slice of China's iron ore
reserves, Angang New Steel Co Ltd is looking for joint ventures or stake
purchases in foreign mines to ensure long term supply of higher quality iron ore
grades, said a company official.
"Angang is developing overseas resources and establishing overseas supply
bases," said Wang Heng, president of Angang Group International Trade Corp, the
procurement unit of China’s second-largest steelmaker by
output. (For more biz stories, please visit Industry Updates)
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