http://www.steelorbis.com/steel-news/latest-news/wisco-to-develop-iron-ore-projects-in-canada-and-cameroon-566705.htm
Mr. Zou also said that WISCO is setting to develop the Mbalam iron ore deposit in Cameroon in Africa. The mine contains hematite iron ores with 30-40 percent iron content.
According to the estimation of Australian mining company Sundance Resources, the previous owner of Mbalam iron ore program, the deposit has a longevity of at least 25 years, with an annual iron ore production capacity of 35 million mt. In addition, it has a prospective reserve of 200 million mt.
Mr Zou said that WISCO would establish a coalition including financial sectors, infrastructure contractors, steelmaking plants and traders to propel the development of the Mbalam iron ore program.
What the? Previous owner Sudance? Did we sell our stake?
wisco bought out mbalam?
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