IMIC Inks Nkout Iron Ore Offtake Agreement with Hebei Steel

  • Wednesday, September 4, 2013
  • Source:

  • Keywords:Hebei Steel
[Fellow]

[ferro-alloys.com ] International Mining & Infrastructure Corporation plc, the company focused on unlocking the value of African iron ore through infrastructure development and strategic investments in junior miners, is pleased to announce that Hebei Iron and Steel Company has joined in a strategic collaboration agreement with China Railway Materials Company Limited, IMIC and AIOG to further consolidate Chinese offtake support for IMIC/AIOG projects. This Agreement reinforces the Chinese commitment to IMIC/AIOG's strategies and development plans.

This Agreement has been signed by IMIC, AIOG, CRM and Hebei in accordance with the terms of the Heads of Agreement announced on April 17, 2013. Under the Heads of Agreement, CRM, which imports the largest volume of iron ore into China annually of any trading firm, undertook to organize and build a partnership of world-class Chinese off-takers that is intended to guarantee the purchase of quantities of iron ore from IMIC/AIOG projects

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