Hebei secures iron ore

Hebei secures iron ore through $194 million investment in Alderon

China’s biggest steelmaker, Hebei Iron & Steel, has agreed to invest in Canada’s Alderon Iron Ore and secures a 15-year off-take agreement.
<div style="text-align: left;"> At 30.3% iron, Alderon estimates Kami's resources at 598 million tonnes </div>
<div style="text-align: left;"> At 30.3% iron, Alderon estimates Kami's resources at 598 million tonnes </div>
April 16, 2012

In its first significant overseas investment, Hebei Iron & Steel, China’s biggest steelmaker, is set to spend $194 million on a deal with Alderon Iron Ore that will help to secure supplies of its main raw material.

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