Jisco JV to Secure Kazakh Ore

State-owned Jiuquan Iron & Steel (Group) Co., or Jisco, plans to set up a joint venture with Kazakhstan-based International Mineral Resources BV to help it secure supplies of iron ore, the steelmaker’s listed unit said. Jisco will inject its steel businesses, mining assets and its 62% stake in Hongxing Iron & Steel into the joint venture for a 51% stake, the statement said.
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