Hanlong may partner with SOEs in Mbalam

Private firm Sichuan Hanlong Co is considering a partnership with State-owned enterprises (SOEs) to develop a major iron ore mine in western Africa, urged on by Chinese authorities, Hanlong told the Global Times Thursday.
"On a request from relevant government agencies, several large State-owned steel companies are talking with Hanlong about a cooperation to jointly develop the Mbalam iron ore mine," according to a statement e-mailed by Hanlong Thursday.
The firm noted that the deal is "particularly" aiming to provide reliable long-term iron ore resources for domestic steel companies. 

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