China VTM Mining Enters into Iron Concentrate Sale Contract with Weiyuan Steel

Steel Guru reported that China VTM Mining’s (HSE:0893) subsidiary has signed a vanadium-bearing iron concentrate supply agreement with Weiyuan Steel Co Ltd.

As quoted in the market news:

Pursuant to the sale contract, Huili Caitong agreed to sell and Weiyuan Steel agreed to purchase, vanadium bearing iron concentrates for a period commencing from January 1 2012 to 31 December 2014 at the market price during the relevant period.

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