The square steel acquisition of South Africa BOBOKO equity and exploration investment projects has been approved by the Jiangxi Province Development and Reform Commission. The acquisition of the total project investment of $ 28 million, all cash.
 
BOBOKO investment company the sole business of exploration, the company since its inception has been the substance of operations. The company BOBOK Mokopane (iron ore) and Phalaborwa (copper) prospecting.
 
Mokopane (iron ore) index number for LP1388PR valid until February 3, 2012, the prospecting application for renewal on November 25, 2011 to submit the audit of the South African mineral resources and is currently waiting for approval; Phalaborwa (copper) The index number for LP1353PR validity period of December 9, 2013. August 31, 2011 valuation date, the District of the the BOBOKO the company LP1388PR LP1353PR exploration prospecting and assess the value of 26.0916 million yuan.



Other News:
Fangda Special Steel purchased mine in South Africa by the Jiangxi Development a
Castings pouring and clean-up operation
Construction steel has been significant decline down the possibility of
Italian Prime Minister: No, the euro-zone countries to provide relief
Cooperation between banks and to strengthen Baosteel signed nearly 400 billion f
Booed in a shout Come on, China! States feather treat loyal fans
Materials and process of manufacturing shell
Japan announced a high profile: the Diaoyu Islands dispute sharp can China use f