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Evraz establishes JV with China MCC
August 1, 2008 @ 6:55 am In Iron Company News
Russian steel maker Evraz Group announced a JV with China Metallurgical Group Corp (MCC) to gain access to Australia's vast iron ore reserves.
Vladimir Zhukov, senior mining analyst for Lehman Brothers, said:
Given Chinese demand for the raw materials used in steel production is expected to remain very strong, having something in Australia seems like the right move.
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