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Hebei Steel acquires S African Copper Producer

Hebei Steel acquires S African Copper Producer
Issue Time:2013-09-22

Hebei Iron and Steel Group Co, Ltd. (Hebei Steel) has acquired a 74.5% stake in a South African mining company.

Upon the completion of the transaction, Hebei Steel will operate and manage Palabora Mining Company Ltd (PMC) as its largest shareholder.

 

The agreement was signed between a consortium led by Hebei Steel and Anglo-Australian mining giant Rio Tinto in Beijing.

 

 

Source: China Metals e-mail chinametal@xinhua.org

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