Baosteel, China’s largest steelmaker, said Tuesday it had agreed to nearly double what it pays Anglo-Australian mining group Rio Tinto for iron ore.
Baosteel, acting on behalf of China’s steel industry, negotiated to pay between 80 and 97 percent more than last year depending on the category of iron ore, which is used to make steel.
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Baosteel, China’s largest steel maker, agreed Monday to pay up to 97 percent more for its 2008 iron ore in a term contract with the Australian miner Rio Tinto.
Baosteel, negotiating on behalf of the Chinese steel industry, agreed to pay Rio $144.66 a metric ton for so-called Pilbara blend fines for the year started April [...]
China Aviation Industry Corporation I (AVIC I) and China Aviation Industry Corporation II (AVIC II) will be merged to form a new China Aviation Industry Group Corporation, and one of its top priorities is to expand its auto business. Dongfeng Motor’s investment in AVIC II’s subsidiary Hafei Auto is put on the table again.
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Baosteel Group Corp., China’s biggest steelmaker, and two rivals in the southern province of Guangdong agreed to form a 35.9 billion yuan ($5.2 billion) venture to help build a 60 billion yuan steel plant.
Baosteel will take 80 percent of Guangdong Iron & Steel Group, as the venture will be known, by contributing 28.7 billion yuan [...]
To address the tremendous challenges of energy crisis and environmental protection, the technological revolution in the automotive power system has become the focus and key issue of auto technology development, experts said recently. The hybrid vehicles are transforming the global auto industry, and the development of new energy vehicles has posed both opportunities and challenges [...]
Persistence and unflagging effort underline the “Never Give Up” ethos integral to success. Indeed, 2007 richly rewarded Huawei’s perseverance and capabilities with its entry into the world’s three largest CDMA markets: the United States, India and China.
Huawei’s greatest breakthrough in the CDMA field was made last year in India. By mid 2007, Huawei had secured [...]
