BEIJING Feb 17 (Reuters)
China's third-largest steelmaker Wuhan Steel Group is looking to form a joint venture to develop mining projects with Canada's Century Iron Mines Corp and Adriana Resources Inc (ADI.V: Quote), a company source said on Thursday.
Wuhan Steel, parent of Shanghai-listed Wuhan Iron & Steel Co Ltd (600005.SS: Quote), has also inked an agreement with Adriana Resources to take a roughly 20 percent stake in Adriana via a private placement.
(Reporting by Coco Li and David Stanway, writing by Ruby Lian, editing by Jason Subler and Chris Lewis, sourced: Thomson Reuters)
Tags: Chinease steel industry news, raw material, steelmakers, steel mills, Wuhan Steel Group, joint venture, JV, develop mining projects, Canada, Century Iron Mines Corp, Adriana Resources, Shanghai, stake, private placement
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