Quebec Iron Ore inks deal with Metso
NewsQuebec Iron Ore, Inc. (QIO) has signed a strategic partnership agreement with Metso for the maintenance of Metso equipment with a Life Cycle Services (LCS) contract.
Support for Saudi Arabian bulk rail
StandardThree Saudi Arabian companies have signed an agreement to develop a US$7B phosphate plant next to the North-South Railway, currently under construction. This should generate substantial income for the railway, making proposed additions to planned bauxite and other mining projects economically viable. The shareholders in the joint venture plant are the Saudi Arabian Mining Company (Ma’aden) (60%), The Mosaic Company (25%) and Saudi Basic Industries Corporation (Sabic) (15%).
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