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3 trustee join steel group in Midwest is obtained strategical breakthrough
From;  Author:Stand originally
3 trustee join steel group in Midwest is obtained strategical breakthrough
On July 10, australian iron ore produces business Midwest to issue announcement, welcome before today by in 3 trustee that steel group nominates join a group. In steel is Cheng Saijun of general manager of limited company of Australian mining industry, medium Wu Gongbin of vise general manager of limited company of development of steel mining industry, and in the appointment that steel buys place this to hire board of directors of make one's bow of IanMcCubbin of attorney of Deacons law travel at formal on July 11 become effective.

Same day, midwest expresses in another announcement: If in steel holds a scale to achieve 50.1% , midwest will be issued in open market 3019243 new, increase hair earnings 19262627 bay yuan pay its place to hire in order to cast a Magenshidanli the charge of Australian limited company.

The act all without exception with newest all these makes clear, bilateral the steel in be accuses a Midwest finally to prepare ahead of schedule. Show according to Midwest10 day announcement, in of steel hold a scale actually to already was amounted to 47.14% . And two days ago, as a result of Midwest4 name trustee has expressed to hold place of purpose add up to the share of 4.1% is made over in steel, steel should make an appointment with those who end to realized pair of Midwest a few days ago to accuse on July 18 in already a few without be concerned about.

To accusing hind Midwest will increase this share share of hair, a message personage of the steel in be close to expresses 10 days to the reporter: "In steel present target is more share are bought on open market, appropriate price also can be bought for certain. Appropriate price also can be bought for certain..

Strategical breakthrough

This is Chinese iron and steel what participate in till the enterprise is current is the biggest abroad iron ore buys one stake case. From inside December 5, 2007 steel is handed over formally to Midwest board of directors buy intent case, in July 18, 2008 steel is bought should end about day, last a period of time is superabundant in July.

"Be being taken is honest progress, this steely to China course of study and iron ore market have the effect of active front apparently. " the personage inside course of study expresses, "Through abroad buy, will turn round Chinese ore stage by stage the problem with the small scale in importing mine. The business relation that establishs for ligament with capital after all will be firmer, this also is the resource of safeguard of our country steely course of study, long-term strategy need that settles ore. No matter be medium,steel still is other enterprise, certain meeting somebody comes out to make such effort. Certain meeting somebody comes out to make such effort..

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