Chinese steel to mine iron ore deposit

01-Aug-2006 Intellasia | 31/Jul/2006 Dau Tu page 1 | 8:29 AM Print This Post

Chinese Kuming Iron & Steel Group or Kisco said it plans to mine iron ore in Vietnam, 60 kilometres from China’s Van Nam border province due to the country is facing a serious steel shortage.
The group expects to import 1.5 million tonnes of iron annually from Vietnam to serve production, said the Kisco general director Li Youngling.
Also, Kisco will build a 500,000 tonne a year steel rolling mill in Vietnam, Li added.

 

Category: Business

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