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Sinoship News reported on Tuesday that Chinese steelmaker Wuhan Iron & Steel (Wugang) plans to launch its second phase of its Bong iron ore project next year in Liberia, West Africa.
Sinoship News reported on Tuesday that Chinese steelmaker Wuhan Iron & Steel (Wugang) plans to launch its second phase of its Bong iron ore project next year in Liberia, West Africa.
As quoted in the market news:
The completion of the second phase project would make Bong mine’s total iron ore production capacity reach 10m tons annually by the first quarter of 2017. The Bong project is developing one of the largest iron ore deposits in Africa. Wugang acquired a 60% controlling stake in the project in 2010 from the Liberian government.
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