Wuhan Iron & Steel (Group) Corp (WISCO), one of the largest steelmakers in the country, has finalized the terms of a US$240 million investment agreement with Consolidated Thompson Iron Mines of Canada.
Wuhan Iron & Steel (Group) Corporation (WISCO) has signed an agreement with Australian Western Plains Resources Ltd (WPG) to invest up to AUS$45 million (US$33.4 million) to set up a 50-50 joint venture for the miner's magnetite deposits in South Australia.
Wuhan Iron Steel Corp (WISCO), one of the largest steel makers in the country, has agreed to invest US$240 million to acquire a 19.9 percent stake in a Canadian mining company, in a move to secure its iron ore supply