CuDeco in talks with Sinosteel

08:59, April 15, 2010      

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Australian gold and copper miner CuDeco Ltd on Wednesday said it signed a non-binding financing agreement with Sinosteel Equipment & Engineering Co, a subsidiary of China's largest iron ore trader Sinosteel Group, for its Rocklands copper project in Queensland, Australia.

CuDeco said the agreement with Sinsoteel outlines financing and terms arrangement options for the entire project. Sinosteel is engaged in the development and processing of mineral resources, metal trading, and logistics of metallurgical raw materials and products. The company also said the deal was one of the many opportunities it is discussing with parties in China for the development of Rocklands and other projects.

Source:China Daily

(Editor:黄蓓蓓)

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