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Wuhan Iron and Steel to raise USD$2.4 billion for purchase of iron ore assets

Marc Howe | November 28, 2012 | 3:11 am China Europe Iron Ore 

Shanghai-listed Wuhan Iron and Steel Co. unveiled plans on Tuesday to raise 15 billion yuan (USD$2.4 billion) via private placements to purchase a swathe of mining assets from its parent company for the purpose of reducing its dependency upon external...

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