You are being directed to ZacksTrade, a division of Zacks & Company and licensed broker-dealer. ZacksTrade and Zacks.com are separate but affiliated companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.

If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.

OK Cancel

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

Zacks #1 Stocks on the Move 07/21/2014

Company Name Symbol %Change
HI CRUSH PAR HCLP
4.74%
CURIS INC CRIS
4.19%
CENTRAL VALL CVCY
3.94%
MIDSTATES PE MPO
3.44%
CTPARTNERS E CTP
3.12%
HBIS Gains 25% Interest in Canada Kami Iron Ore Project

Print Share

SHANGHAI, Apr 01, 2013 (SinoCast Daily Business Beat via COMTEX) -- Hebei Iron & Steel Group Co., Ltd. (HBIS) has completed its initial strategic investment in the Kami iron ore project for an aggregate CAD 182.2 million. HBIS invested the remaining CAD 119.9 million of its initial investment to Alderon Iron Ore for 25 percent equities in the Kami project.

The Kami iron ore mine is located in Canada's largest iron ore production area, with reserves being about 1 billion tons. The two sides signed a partnership agreement in April last year and completed the first-phase delivery in August; the project was designed to produce 8 million tons of iron ore concentrate each year.

The CAD 119.9 million investment will be fully used to further development of the Kami iron ore project. HBIS will buy 60 percent of annual 8 million-ton iron ore concentrate output.

Source: www.mysteel.com (April 01, 2013)

Copyright 2008 SinoCast Daily Business Beat. All rights reserved

Free Stock Analysis From Zacks

Includes Zacks Long-Term Recommendation and Target Price

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.