China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
China-based Zhongrun Resources Investment Corporation announced on November 8 that Australia-based Noble Mineral Resources Ltd. has accepted Australia-based Resolute Mining Limited’s financing scheme, which means Zhongrun’s acquisition plan has failed.
Source (Chinese): Cnstock via BrightWire News.
