MEXICO CITY Mexicos
Altos Hornos de Mexico SAB de CV (Ahmsa) has signed an
agreement with Chinas Xingxing Hanfang Mining Investment
Co. Ltd. for the long-term supply of iron ore.
Under the terms of the deal,
Ahmsa mining subsidiary Minera del Norte SA de CV (Minosa) will
provide 10 million tonnes of iron ore concentrates annually for
20 years, the steelmaker said in an April 9 filing with
Mexicos stock exchange.
The deal was signed by Ahmsa
chairman Alonso Ancira Elizondo and Xingxing Hanfang chief
executive officer Liu Mingzhong.
Mexican president Enrique
Peña Nieto took part in the signing ceremony during his
trip to China this week.
Xingxing Hanfang is part of
Xingxing Cathay International Group, which has businesses in
the mining, steel and automotive sectors, among others,
according to Monclova-based Ahmsa, Mexicos largest
A version of this article was first published by AMM sister
publication Steel First.