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Get PriceOn March 30 Consolidated Thompson Iron Mines Limited CLM a North American exploration and mining development company announced the signing of a letter of agreement with Wuhan Iron and Steel Group Corporation WISCO one of China s largest steel producers for a strategic investment by WISCO in CLM
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Get PriceConsolidated Thompson Iron Mines Limited is pleased to announce that Wuhan Iron and Steel Corporation has received the necessary approvals from the China government in respect of the previously announced strategic investment of US$240 million by WISCO into CLM Closing of the strategic investment has been scheduled for Monday July 20 2024
Get PriceThe letter of agreement between Consolidated Thompson and WISCO provides for WISCO to make a total investment in Consolidated Thompson of $240 million and in return Consolidated Thompson will issue million of its common shares to WISCO WISCO will also be entitled to other long term off take rights at fair market value from both the
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Get PriceWISCO will buy million shares of Consolidated Thompson percent of those outstanding for C$ each Consolidated Thompson will receive aggregate proceeds of C$ million
Get Pricewisco consolidated thompson off take unlocking value in resource assets 20151113 ensp 0183 enspCase Study Consolidated Thompson World Class Iron Ore Project in Quebec Built from exploration stage in 2024 through to production in 2024 Completed scoping study 3 feasibility studies secured offtake and financing agreements with China Market cap
Get PriceWISCO s operations comprises of mining coking sintering iron making steel making rolling and associated utilities According to a policy statement issued by the Chinese Government this month WISCO is one of the three national large scale integrated iron and steel groups each of which is expected to reach 50 million tons of annual
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Get PriceTORONTO June 9 Reuters Canadian mining and exploration company Consolidated Thompson said on Tuesday that it had finalized terms of an agreement with China s Wuhan Iron and Steel
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Get PriceOne such key agreement calls for China s Wuhan Iron and Steel Corp WISCO to accept as much as 50 percent of the mine s output at fair market value based on current pricing That deal also involved a $240 million investment from WISCO that helped Consolidated Thompson keep work moving forward on the mine as it was being built
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