On December 31st, Hubei Province-based major Chinese steel producer Wuhan Iron and Steel Group announced that its Quebec, Canada based iron ore mining JV, Bloom Lake Mine, achieved an annual profit of RMB 350 million in 2012.
The Bloom Lake Mine is the first overseas iron ore production project in which WISCO has participated in the operation and management. WISCO has a 25% stake in Bloom Lake.
Source:
http://www.steelguru.com/raw_material_news/WISCO_Canadian_iron_ore_JV_sees_profit_of_RMB_350_million_in_2012/296997.html
