Canadian iron ore miner reaches $120 million development deal with Chinese steel producer

Century Iron Mines, an iron ore miner with projects in Quebec and Newfoundland and Labrador, has reached a $120 million development cope with WISCO Resources, among the third largest steel producer in China.



WISCO Resources, which holds an approximate 25% interest in Century Iron, invested $120 million in return for a 40% fascination with three of Century Iron Mines' projects, Duncan Lake, Attikamagen and Sunny Lake. Funds might be used for exploration and development.  Cone Crusher Africa



WISCO Resources is usually a major subsidiaries of Wuhan Iron & Steel Corporation, headquartered in Wuhan from the province of Hubei inside the People's Republic of China.



WISCO Group is 286th mining equipment for iron ore in the list of Forbes Global 500 and it's the third largest steel producer in China. The WISCO Group is probably the "big three" Chinese state-owned integrated iron and steel groups. Last year, the WISCO Group had make certain output of 36 million tonnes of steel. The WISCO Group's portfolio of economic activities includes mining, coking, sintering, iron making, steel making, rolling and associated utilities. jaw crusher specification detail