日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

 
   
中文
 
Home> Business
Wuhan Iron inks $800m coal deal with Riversdale
By Zhou Yan ( China Daily )
Updated: 2010-06-25

BEIJING - Wuhan Iron and Steel (Group) Corp (WISCO) on Thursday signed an initial non-binding agreement for $800 million with Australian miner Riversdale Mining Ltd to develop a coking coal project in Mozambique.

Under the deal WISCO will acquire a 40 percent stake in the Tete province, Mozambique-based Zambeze Coal project valued at around $2 billion.

The Chinese steel mill will also purchase an 8 percent stake in the Sydney-based miner for A$10 per share.

Riversdale shares jumped by 7.7 percent and closed at A$11.35 on Thursday in Sydney after it announced the deal on its website.

Under the initial agreement, WISCO will have the right to purchase at least 40 percent of the coking coal produced from Zambeze, and at least 10 percent of the coal produced from the Benga project adjacent to Zambeze, Riversdale said in the statement.

"The project has the potential to become an important source of coking coal for China and it is based in a region that we recognize to be strategically significant for our future goals. Mozambique is an attractive investment location and has the potential to be a significant source of coking coal," Kuang Zhongxiang, general manager of WISCO International Resources Development and Investment Co said in the statement.

WISCO spokesman Bai Fang said he had no comments on the deal when contacted by China Daily. The agreement "needs regulatory approvals as well as other necessary steps to be completed," Bai was quoted by Bloomberg as saying on Thursday.

WISCO is a state-controlled steel giant based in Hubei province with an annual production capacity of around 40 million tons.

Related readings:
Wuhan Iron inks $800m coal deal with Riversdale Wuhan Iron & Steel to increase output by 24% next year
Wuhan Iron inks $800m coal deal with Riversdale Wuhan Iron, CVG ink iron ore deal
Wuhan Iron inks $800m coal deal with Riversdale Wuhan Iron warns of profits declining by half
Wuhan Iron inks $800m coal deal with Riversdale Wuhan Iron net declines 30%

China is among the largest consumers of coking coal, an important raw material for steel manufacture, and accounts for 50 percent of the world's total consumption of the commodity. The country imported 34.4 million tons of coking coal last year.

"China will see an increasing shortage of coking coal supplies in line with its economic growth. WISCO's current move is, therefore a strategic one," said Xu Xiangchun, chief analyst at Beijing-based consulting firm Mysteel.com.

He said WISCO's overseas expansion has been aggressive in the past two years compared with other major domestic competitors.

The steel giant in April said it had teamed up with a Brazilian company to build a steel mill in Brazil that is expected to start operations in three years.

Shares of Wuhan Iron and Steel Co, WISCO's listed arm, edged down by 0.87 percent to close at 4.58 yuan on Thursday.

 
Video
Specials



 
 
主站蜘蛛池模板: 二级黄绝大片中国免费视频 | 久萆app污版下载网站 | 黄色在线观看国产 | 三级网站免费看 | 91p在线| 91视频导航 | 亚洲福利影院 | 国产欧美日韩精品一区 | 久久免费视频一区二区三区 | 麻豆短视频传媒网站怎么找 | 美日韩免费视频 | 99re6热视频精品免费观看 | 在线色网站| 欧美h视频在线观看 | 999毛片| 亚洲国产中文字幕 | 亚洲av毛片久久久久 | 五月天色婷婷在线 | 日韩毛片网 | 天天操国产| 欧美不卡 | 日韩欧美一区二区三区 | 人人亚洲| 日本高清视频在线播放 | 九九热色 | 韩国在线精品福利视频在线观看 | 亚洲视频 欧美视频 | 四虎4hutv永久在线影院 | 日韩欧美在线观看 | 毛片一区二区 | wwwwww日本 | 五月综合激情婷婷六月色窝 | 黄在线免费看 | 欧美一级特黄aa大片视频 | 日本在线免费 | 日韩精品视频在线播放 | 久久视频这里只有精品35 | 国产精品揄拍100视频最近 | 亚洲国产精品久久人人爱 | 日本大人吃奶视频xxxx | 成人做爰视频免费 |