CVRD wants more coal

BRAZILIAN iron ore giant CVRD is considering developing a Mongolian coal deposit in conjunction with Japanese trading house Itochu.
CVRD wants more coal CVRD wants more coal CVRD wants more coal CVRD wants more coal CVRD wants more coal

 

Rebecca Keenan

The deal is part of CVRD's longer term plans to increase its exposure to the lucrative coal market.

Ivanhoe Mines has previously been reported as interested in the Tavan Tolgoi deposit in Mongolia.

CVRD and Itochu are already involved in a joint venture to produce metallurgical coke out of China.

MiningNews.net

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