Wisco finalises iron ore joint venture with Canada's Adriana

摘要

Major central China steel producer Wuhan Iron & Steel Group (Wisco) has secured another overseas iron ore investment after concluding a deal with Canada’s Adriana Resources (ADI) to co-develop the latter’s Lac Otelnuk deposits in northern Québec. The agreement, in train since the beginning of this year, was signed in Beijing on 30 August, Wisco said. This was two months later than the original deadline set in March, but no explanation was given for the delay, Steel Business Briefing notes.