Wuhan Steel forming Canadian joint venture

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Wuhan Steel forming Canadian joint venture

posted on Feb 17, 2011 07:19AM

Wuhan Steel forming Canadian joint venture (RTGAM)

BEIJING — China’s third-largest steel maker Wuhan Steel Group is looking to form a joint venture to develop mining projects with Canada’s Century Iron Mines Corp. and Adriana Resources Inc. , a company source said on Thursday.

Wuhan Steel, parent of Shanghai-listed Wuhan Iron & Steel Co. Ltd, has also inked an agreement with Adriana Resources to take a roughly 20-per-cent stake in Adriana via a private placement.

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