The steel association confirmed Danshuihegu request markup 100% 2010-03-19 15:15: 51 origins: The Chinese economical net (Beijing) with pasting 0 handsets reads the news
Chinese economical net Beijing on March 19 the news (Fan Kai) Reuters reported that the global mining industry giant must with probably develop (BHP Billiton) company saying that this company develops the company (Rio Tinto) to pool capital with another big mining industry giant strength to establish the iron ore project the transaction to make a final decision in 2010 officially. At present, must with probably develop the joint capital plan which develops with the strength to wait for examination of European Union.
Leaving must with probably develop chairman Anders (Don Argus) in writing a shareholder\’s farewell letter said to that must with probably develop the company to believe that its can make a final decision in 2010 officially with the strength develops the company to build the iron ore joint capital project the transaction. According to both sides\’ transaction plan, must with probably develop the directive force develops pays 5.8 billion US dollars cashes, to balance both sides to be in the joint capital project stockholder\’s rights.
At present takes Baoshan Steel Corporation and Chinese steel institute is developing as representative\’s Chinese iron and steel enterprise with the strength, must with probably develop with Danshuihegu these three big giants carries on the negotiations on the oil price.
Chinese iron and steel industry Association (China Iron and Steel Association) vice executive president Luo Bingsheng Friday makes in an industry conference on indicated that Brazilian mining industry giant Companhia Vale do Rio Doce (Vale S.A.)To the Chinese iron and steel enterprise proposed that the iron ore base price surrenders to the state 2010 90%-100%. Luo Bingsheng said that Danshuihegu first proposed rises in prices 90%, afterward also proposed that rose in prices 100%. His words verified related Danshuihegu to request the oil price to enhance in last year foundation earlier approximately 90% reports.
(This article originates: Chinese economical net) 
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