Minmetals Development Announcement, the Board of Directors examined and approved the motion of the investment in building the Minmetals Lanzhou steel logistics park. The total investment is estimated to be 1.292 billion yuan.
 
Its board has approved the holding subsidiary of Minmetals Steel Co., Ltd. and the Phoenix Mountains, Gansu Province Investment Co., Ltd. established a joint venture the Minmetals Lanzhou Steel Logistics Co., Ltd., and as a platform investment in building the Minmetals Lanzhou steel logistics park projects.
 
The total investment is estimated as 129,240 million, registered capital of the project company for 31,976 yuan, Minmetals Steel invested 22,383.2 million, accounting for 70% of the shares; Phoenix Mountains, Gansu Province invested 9,592.8 million, accounting for 30% of the shares. The payback period is 9 years (including 3.5 years construction period, net of tax), the registered capital of the project funds required by the company to raise, other projects will be financed through bank loans and other ways to raise the company's financial position and operating conditions no significant impact.



Other News:
Minmetals Development to be 1.3 billion to build a steel logistics park
The NDRC month approved 200 projects force choke economic downturn
Steel prices two years, the lowest of the city is difficult to make money
Many ministries out of the New Deal support rail financing
The United States put pressure on the situation in the South China Sea and then
Hebei Iron and Steel Group together the central enterprises to build a green ste
The devaluation of the RMB are becoming businessmen selling assets is expected t
Downstream judged: ＂How much joy and misery