Mexico-based steelmaker Altos Hornos de
Mexico (AHMSA) has announced that it has signed a framework agreement with the Chinese company Xingxing Hanfang Mining Investment Co. Limited regarding supplies of
iron ore concentrate.
Under the agreement, AHMSA, through its subsidiary Mineral del Norte S.A. de C.V. (MINOSA), will provide the Chinese company with 10 million mt of
iron ore concentrate annually for 20 years.
Xingxing Hanfang Mining Investment is part of
China-based Xingxing Cathay International Group which focuses on the energy, steel, mining, automotive, aviation and heavy machinery industries.