BEIJING (Reuters) - The Chinese government has given Baosteel Group the go-ahead to build a 10-million tonne per annum steel project at Zhanjiang port in southeastern Guangdong province, according to a notice issued on Friday.
The Chinese government has given Baosteel Group the go-ahead to build a 10-million tonne per annum steel project at Zhanjiang port in southeastern Guangdong province, according to a notice issued on Friday. ...
BEIJING (Reuters) - A Chinese drug enforcement officer has been linked to government officials arrested after the seizure of nearly three tons of the drug crystal methamphetamine in the southern province of Guangdong last month, local media reported.
SEOUL/BRUSSELS — ArcelorMittal, the world’s biggest steelmaker, will sell a 15% stake in one of its Canadian iron ore operations, raising US$1.1 billion to help pay off debt at a time of sluggish demand.
The group, which makes about 6-7% of the world’s steel, will sell the stake in ArcelorMittal Mines Canada to a consortium including South Korean steelmaker POSCO and Taiwan-listed China Steel, it said on Wednesday.
Cambodian authorities said Friday they expect work on a $11.2 billion project that includes a 249-mile railway, a port and a steel factory, to begin in July, according to published reports.Chinese-owned Cambodia Iron and Steel Mining Industry will build a railway from a steel plant in northern Preah Vihear province to a port in Koh Kong in southwestern Cambodia, the South China Morning Post reported Friday.
Cliffs Natural Resources Inc said it was temporarily stopping environmental assessment for its $3.3 billion chromite project in northwestern Ontario due to unresolved land rights and unfinished agreements with the provincial government.
Cliffs, primarily an iron ore and coal producer, plans to develop North America’s first major chromite mine in a remote cluster of rich mineral deposits called the ‘Ring of Fire’.