Chinese steelmaker, Taiyuan Iron & Steel, has formed a chrome ore mining joint venture in Turkey along with Shanxi Jizhong Wanbang Industrial Trade Co Limited and a local company.
Taiyuan Steel will control 37.2% of the new company along with Shanxi Jizhong Wanbang and the Turkish CVK Group Corporation.
It is Taiyuan Steel' first overseas joint venture.
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