21
Jun
06:45
Baowu, WCS transfer equity on Simandou project
Chinese steel giant Baowu Group and Winning Consortium Simandou (WCS) officially completed the equity transfer of the Simandou iron ore project on 19 June. This formalises Baowu's first investment, according to Baowu and WCS's announcement on 20 June.
On 19 June, the two partners completed the project delivery work such as the establishment of the board of directors of the joint venture company of the mine, railway and port, the appointment of directors an…
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