China set up mineral resources giant, eyeing bigger say in iron ore pricing

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A giant mineral resources group was set up in Xiongan New Area, North China's Hebei province on Tuesday, in a long-awaited move that is expected to give the country a bigger say in iron ore pricing.

China Mineral Resources Group, with a registered capital of 20 billion yuan ($2.97 billion), will engage in exploration of mineral resources, ore mining, import and export of minerals, as well as supply chain management services, investment activities and asset management services, according to China's corporate registration information . . .




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