further to that note, Wuhan iron and steel's chairman was recently quoted as stating their desire to be "self sufficient in iron ore supplies in the next 3-5yrs". given that coking coal, like iron ore, is a key ingredient in the steel making process, perhaps they also want to shore up their coking coal (Zambezi) supplies? takeover play.
DYOR
further to that note, Wuhan iron and steel's chairman was...
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