国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

(Shanghai Daily)
Updated: 2007-03-28 15:11

Baosteel Group Corp has signed a 10-year purchase pact with Fortescue Metals Group Ltd under which the Australian miner will supply up to 20 million tons of iron ore a year, the company said yesterday.

Baosteel Group Corp has signed a 10-year purchase pact with Fortescue Metals Group Ltd under which the Australian miner will supply up to 20 million tons of iron ore a year, the company said on Mar 27, 2007. [newsphoto]

Through the deal, Shanghai-based Baosteel will initially buy five million tons of ore a year, or 11 percent of Fortescue's planned annual output of 45 million tons from its operation in Western Australia. The top Chinese steel maker agreed to purchase another 11 million to 15 million tons a year after Fortescue's output expands, Fortescue said in a statement released on Monday. Iron ore is the raw material used in steel making.

The two companies also signed a memorandum of understanding to form a joint venture to explore and develop magnetite, another iron ore product, in Western Australia.