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Baowu readies Simandou funding

State-owned steel company issues bond to fund project

William Clarke
Baowu readies Simandou funding

The state-owned steelmaking giant China Baowu Steel Group has raised US$1.4 billion, most of which will be funnelled into the Simandou iron ore project. Baowu has raised 10 billion yuan in three-year...

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