Trade Resources Company News WISCO's Canadian Iron Ore Achieved an Annual Profit of RMB 350 Million in 2012

WISCO's Canadian Iron Ore Achieved an Annual Profit of RMB 350 Million in 2012

On December 31, Hubei Province-based major Chinese steel producer Wuhan Iron and Steel Group (WISCO) announced that its Quebec, Canada-based iron ore mining joint venture, Bloom Lake Mine, achieved an annual profit of RMB 350 million ($56 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 percent stake in Bloom Lake.

Source: http://www.steelorbis.com/steel-news/latest-news/wiscos-canadian-iron-ore-jv-sees-profit-of-rmb-350-million-in-2012-732886.htm
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WISCO’s Canadian Iron Ore JV Sees Profit of RMB 350 Million in 2012
Topics: Metallurgy