日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

 

Sinosteel in a dilemma over Australia project

By Xu Lin
0 CommentsPrint E-mail China.org.cn, July 1, 2010
Adjust font size:

A pioneer of overseas resources purchasing, Sinosteel Corporation finds itself in a dilemma. Its contract with Hamersley, an iron ore subsidiary of Rio Tinto, on Australia's Channar iron ore mine is due to expire and Rio Tinto is asking for a resource and service fee of US$10 per ton as a condition of renewal.

Channar, with an output of 12.5 million tons a year is an important source of profits for Fortune 500 company Sinosteel. Channar is also one of China's earliest and most successful overseas resources projects.

If Sinosteel accepts the terms offered by Rio Tinto, the company's profits from the project may be wiped out, and would even risks losses if the iron ore price drops in the future.

Midwest, another Australian iron ore project backed by Sinosteel is still under construction and requires considerable additional investment.

China's business press carried the story above on Thursday. China.org.cn has not checked the stories and does not vouch for their accuracy.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 论坛| 鸡泽县| 武宣县| 祁阳县| 宣化县| 平定县| 什邡市| 双鸭山市| 如东县| 张掖市| 蓬莱市| 阿瓦提县| 桃源县| 漳平市| 浏阳市| 治县。| 平昌县| 子长县| 深水埗区| 五大连池市| 呼伦贝尔市| 绥棱县| 朔州市| 高清| 名山县| 济阳县| 兰西县| 洱源县| 辰溪县| 大荔县| 北安市| 安宁市| 健康| 蕲春县| 商南县| 孝义市| 盖州市| 广汉市| 武汉市| 陆川县| 阳春市|