Masteel receives subsidies worth CNY 40 million for iron ore mining
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Wednesday, 18 Jan 2012
It is reported that Anhui Province based Chinese steelmaker Maanshan Iron and Steel Co has been granted CNY 40 million in national subsidies for the establishment of its iron ore mining base.
The construction of mining facilities at the Taochong, Nanshan and Gushan iron ore mines of Masteel near Maanshan city has almost been concluded. The mining facilities are expected to be commissioned before the Chinese Spring Festival and are due to reach their designed output capacity in 2014.
(Sourced from SteelOrbis)
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