joint venture partner

Australian iron ore hopeful Aurox Resources is willing to take on Hebei Steel Group, one of China’s biggest steelmakers, as a 50:50 joint venture partner, Aurox md Charles Schaus told MB. The Australian company is looking for financial backing to support its projects in Western Australia, including the key 6 million tpy Balla Balla magnetite mine due for launch in 2010. The financial crisis and a sharp fall in miners’ share prices has made smaller iron ore companies more open to foreign investors. “I suppose we would welcome [Hebei Iron...

http://www.metalbulletin.com/Article/2054162/Iron/MB-AUSTRALIA-IRON-ORE-CONF-Aurox-mulls-5050-deal-with-top-Chinese-steelmaker.html