{"id":1057,"date":"2022-10-05T14:47:45","date_gmt":"2022-10-05T06:47:45","guid":{"rendered":"https:\/\/wcsglobal.com\/en\/?p=1057"},"modified":"2022-10-05T14:47:45","modified_gmt":"2022-10-05T06:47:45","slug":"winning-consortium-and-baowu-resources-have-signed-the-key-terms-of-the-cooperation-agreement-for-the-northern-part-of-the-simandou-project","status":"publish","type":"post","link":"https:\/\/wcsglobal.com\/en\/1057.html","title":{"rendered":"Winning Consortium and Baowu Resources have signed the key terms of the cooperation agreement for the northern part of the Simandou Project"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]Singapore, 30 september \u2013 Winning Consortium Holdings Pte Ltd. (Singapore) and Baowu Resources Co., Ltd. have signed the key terms of the cooperation agreement within the framework of the Simandou North project (blocks 1 and 2).<\/p>\n

Mrs. Lv Xiaohui, CEO of Winning Consortium Holdings and Mr. Shi Bing, Chairman of the Board of Baowu Resources, signed the agreement during an online ceremony between Shanghai and Beijing.<\/p>\n

The signing of the key terms of cooperation between the two parties means that China Baowu will now work as a potential investor in close collaboration with its partners in the Baowu Consortium and the Winning Consortium.<\/p>\n

This partnership aims to promote the development of the North Project and Simandou’s infrastructure within a framework of win-win cooperation for all parties. This signature constitutes a major step forward, which will considerably promote the completion and progress of the entire Simandou iron mine project as well as the economic and social development of Guinea.<\/p>\n

Notes to Editors<\/b><\/strong><\/p>\n

The mining concession of the\u00a0Simandou\u00a0north\u00a0blocks\u00a0(Blocks 1 and 2) are now held by\u00a0Winning Consortium Holdings Pte Ltd.\u00a0The Winning Consortium\u00a0is\u00a0formed by Winning\u00a0International Group,\u00a0Weiqiao Aluminum\u00a0(member\u00a0of China Hongqiao Group) and UMSI (United Mining Suppliers International).\u00a0The\u00a0Winning Consortium\u00a0has a production capacity of 50 million tons\u00a0of bauxite\u00a0per annum in Guinea. In addition to its\u00a0experience in the construction and operation of the Dapilon-Santou Railway, it also\u00a0has unique advantages in ports, trans-shipment and ocean transportation.<\/p>\n

The Baowu Consortium is a Chinese consortium led by Baowu and jointly formed by Chinese major steel companies, infrastructure construction and strategic investors for the co-development of the Simandou project.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

Singapore, 30 september \u2013 Winning Consortium Holdings Pte Ltd. (Singapore) and Baowu Resources Co., Ltd. have signed the key terms of the cooperation agreement within the framework of the Simandou North project (blocks 1 and 2).<\/p>\n","protected":false},"author":1,"featured_media":844,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[],"class_list":["post-1057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-latest-news"],"acf":[],"yoast_head":"\nWinning Consortium and Baowu Resources have signed the key terms of the cooperation agreement for the northern part of the Simandou Project - Winning Consortium Simandou<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wcsglobal.com\/en\/1057.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Winning Consortium and Baowu Resources have signed the key terms of the cooperation agreement for the northern part of the Simandou Project - Winning Consortium Simandou\" \/>\n<meta property=\"og:description\" content=\"Singapore, 30 september \u2013 Winning Consortium Holdings Pte Ltd. 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