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24 Oct
10:47

Angang sets up $826m iron ore subsidiary

China’s second-largest steelmaker, Anshan Iron & Steel (Angang), has established a wholly-owned subsidiary, Angang Resources Co., after recently withdrawing investment in three mining companies, Guanbaoshan, Anqian and Gongchangling, Kallanish notes. Angang designated Liu Wensheng as the legal representative of the subsidiary, who is also the chairman and secretary of the party committee of another major subsidiary, Angang M…
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