Roy Hill has signed a Memorandum of Understanding with Xiamen ITG Group Corporation at the China International Import Expo in Shanghai.
|Image source © Roy Hill|
This follows on from last week when the miner signed an MoU with China’s importer and exporter of steel products, Angang Group International Trade Corp.
ITG is a shareholder of Fujian Sansteel Group, a leading steel mill in South East China.
Roy Hill CEO, Mr Barry Fitzgerald, commented that he was pleased to sign another MoU with ITG, acknowledging Sansteel as one of the pioneer mills in China to use Roy Hill’s iron ore.
“ITG and Sansteel’s deep experience and expertise in using Roy Hill’s iron ore has been established on the back of mutual respect and trust – and the signing of this Memorandum of Understanding seeks to extend this relationship even further into the future,” said Mr Fitzgerald.
Roy Hill and ITG have agreed to work closely to not only expand the use of Roy Hill iron ore at Sansteel’s steel mill, but also promote Roy Hill’s iron ore to other steel mills in China.