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Century, Wisco form jv to exploit Canada's Sunny Lake
December 03, 2012 - 04:05 GMT
Century Iron Mines
Canadian iron ore exploration company Century Iron Mines and Chinese steel company Wisco have formed a joint venture to exploit Century’s Sunny Lake iron ore asset.
The joint venture agreement indicates that Wisco will make
an investment of $40 million into the Sunny Lake Project.
Century will own 60% of the project and Wisco 40%. They will
fund exploration expenses pro-rata...
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Euromoney Institutional Investor PLC.
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