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10 May : Xinwen Mining and Nanjing Steel ink strategic cooperation deal
Time：2010-5-10 9:35:06    Author：Metalnewsnet    Clicks：0 Times    Tel：+86-28-6676 5966

Metalnewsnet 10 May ：

It is reported that Chinese companies Shangdong based Xinwen Mining Group and Jiangsu based Nanjing Iron and Steel Co have lately signed a strategic cooperation framework agreement which includes the reorganization of Huangjinzhuang Mineral Company in Anhui Province a mine which is currently being constructed by Xinwen Mining Group. One third of this mine product output will consist of coke.

According to the framework agreement, the registered capital of Huangjinzhuang Mineral Co is CNY 120 million while Xinwen Mining Group and Nanjing Iron and Steel Co hold 51% and 49% stakes respectively in the mine. Furthermore, when seeking cooperation in relation to its coal mines in China, Xinwen Mining first choice will be Nanjing Iron and Steel meanwhile, when exploring overseas coal mines Nanjing Iron and Steel will give preference to cooperation with Xinwen.

The two companies will also give each other first preference as regards supplies of coal and steel.

( from SteelOrbis)

 
 
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Article: 10 May : Xinwen Mining and Nanjing Steel ink strategic cooperation deal
Keywords: Home - Metallurgy - Lead
Channel: Metal - News
Posted: 2010-5-10 9:35:06 by Metalnewsnet
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