30
Dec
08:07
Baowu to restart Australian Hardey iron ore project
China’s Baowu Group has signed contracts with partners online for the promotion of the Hardey iron ore project in Australia, the company says in a note seen by Kallanish.
In May 2014, Baowu cooperated with Aurizon to acquire Aquila, and in turn gained control of 50% equity in the Hardey project. South Korean steelmaker Posco and investment company AMCI jointly hold the remaining 50% equity.
However, the project was suspended in December 2015 because the pri…
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Anonymous
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