26
Oct
09:43
Rio Tinto shareholders support JV with Baowu
Rio Tinto shareholders voted on 25 October to approve a joint venture agreement between the miner and China Baowu Group.
The proposed JV with China Baowu Steel Group remains subject to a number of other conditions precedent being satisfied, Rio Tinto says. Subject to satisfaction of those conditions, the transaction is expected to be finalised in late 2022 and following receipt of all necessary approvals, construction is expected to commence in 2023, Kallanis…
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Anonymous
Very good overview of the weekly steel market.
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