| With the ore and coke and other raw materials prices | | | | near distance, logistics smooth, cost advantages in |
| soared, domestic steel giant, Wuhan Iron and Steel | | | | logistics and procurement price advantage, you can |
| Group, in addition to increased efforts to control the | | | | alleviate the chronic shortage of Wuhan Iron and Steel |
| upstream iron ore resources, but also began joint | | | | coke contradiction. |
| capital cooperation and coke business operations. | | | | In addition to iron ore, coking coal is the steel |
| Yesterday's (12) from Wuhan Iron and Steel Group | | | | companies outside the raw materials, due to the |
| was informed, Wuhan and Coking Co., Ltd. Henan | | | | recent mine disaster, part of the ongoing security |
| Ruzhou Chak coking coal resources on the joint | | | | check areas producing mines, coke production is |
| development of Henan Province at the signing | | | | obviously inadequate, coke market has been showing |
| ceremony, Ruzhou Tin Chak coking company to | | | | rising trend. |
| increase their investment way to get to Wuhan in the | | | | This is not the first time shares coke Wuhan Iron and |
| capital increase develop their respective Ruyang King's | | | | Steel Company, 2008, Wuhan Iron and Steel and |
| coal mines, Wuhan Iron and Steel investment in money | | | | Pingdingshan Coal Group had already signed a 3.6 |
| funds was 20% of the shares of the company. | | | | billion cooperation agreement between the two sides |
| Shares, the Wuhan Iron and Steel Project each year | | | | will invest in the development of coal resources, |
| at least 80% of available prime coking coal. | | | | Wuhan has thus become the second largest Pingmei |
| Wuhan Iron and Steel Group, told reporters inside, Tin | | | | shareholders. In addition, with Shanxi Coking Coal |
| Chak as Henan Ruzhou Coking Co., Ltd. registered | | | | Group, Wuhan Iron and Steel signed a strategic |
| capital is small, shares Coking Co., Ltd. Henan Ruzhou | | | | cooperation framework agreement, the two sides will |
| Tin Chak capital investment is also not too big, but | | | | jointly build Wuhan Guangxi Fangchenggang coking |
| since then, but also with the Wuhan Iron and Steel | | | | project. |
| Coking Co., Ltd. Henan Ruzhou Chak Ruyang with | | | | From last year, WISCO's overseas mineral resources |
| King's mine development, the mine's initial investment | | | | development was significantly faster pace. Because it |
| amounted to more than 300 million, annual output of | | | | is landlocked, mineral resources, lack of Wuhan Iron |
| coke 450 000 ~ 600 thousand tons. | | | | and Steel, 85% of iron ore per year dependent on |
| This reporter has learned, King Coal Ruyang county | | | | imports, imports of ore per year only on inland |
| towns in the territory of proved reserves 70 million | | | | transportation costs several billion dollars higher than |
| tons, the average coal seam thickness of 6.65 m, | | | | the coastal enterprises, so last year, the company has |
| maximum thickness of 15 meters. King's Wuhan Iron | | | | in Canada , Australia and Africa over the acquisition of |
| and coal products, and E as steel coking coal | | | | the shares of mining enterprises, and joint mine |
| important source of supply, product transport by rail, | | | | development. |