Yue Da Mining Forges Strategic Alliance With Kunming Iron & Steel

摘要

Hong Kong based Yue Da Mining Holdings Limited announced December 12 that it has entered into a strategic alliance agreement with Kunming Iron and Steel Company, a subsidiary of Wuhan Iron & Steel (Group) Corporation. Yue Da has it that stable sales are expectable during the period of the agreement. Under the agreement, Yue Da will supply at least 150,000 tons of concentrate a year to Kunming, from December 2008 to December 2018 (renewable). Concentrate will be high-quality one produced by Yue Da's indirectly wholly-owned subsidiary, Tengchong Ruitu Mining and Technology Company Limited.