Friday, March 6, 2009

Taiyuan Iron & Steel Forms Turkish Chrome Ore Mining JV

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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