Wuhan Iron and Steel company shares 53.6 million and Singapore Enterprises set up joint ventures

NetEase Financial February 24, Wuhan Iron and Steel shares 24th announced the announcement, its wholly-owned subsidiary of Wuhan Iron Group Metal Resources Co., Ltd. and Singapore Ang State Enterprises Limited will be in Wuhan Qingshan District joint venture to establish Wuhan Wu new new building Materials Co. Wisco shares that the joint venture will be the main production and operation of high-performance slag micro-powder.　　Joint-venture company registered capital of 80 million yuan, Wuhan Iron and Steel Company to RMB cash capital of 53.6 million yuan, the shareholding ratio of 67%, the group of Nations in the United States dollar discount of RMB exchange funds 26.4 million yuan, the shareholding ratio of 33%. Wisco shares recently, February 17 and the Canadian century iron ore holding company contracted the Mineral Resources development project.　　February 15 signed a binding Mineral resources cooperation Agreement with the Canadian Adi Resource company. So far, Wisco has invested in the development of 8 iron ore resources projects in Canada, Brazil, Australia, Liberia and Madagascar, and has locked tens of billions of tons of equity resources to become the largest resource-owning manufacturer among the world's steel manufacturers. "According to the company's current iron ore investment layout and equity ore situation, the next 5 years is expected to achieve iron ore self-sufficiency." "It is learned that the" Twelve-Five "period, Wisco overseas business sector will continue to focus on the development of overseas strategic resources, at the same time relying on the offshore resource base, and gradually extending to the steel industry chain, shipping, marine chartering, scrap steel and hot-pressed iron block imports of emerging business rapid development," the next 5 years, Wisco will increase Australia, The development of ore resources in the Americas, and strive to establish African mineral resources protection base. "Wuhan Iron and steel shares 24th low open concussion, closed down 0.43%, reported at 4.65 Yuan."