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Home / Metal News / CuDeco Signs Memorandum Of Understanding With Sinosteel On Copper Project

CuDeco Signs Memorandum Of Understanding With Sinosteel On Copper Project

iconApr 14, 2010 16:25
Source:SMM

MELBOURNE, Apr 13, 2010 (Dow Jones Commodities News via Comtex) -- Copper explorer CuDeco Ltd. (CDU.AU) said Wednesday it has signed a memorandum of understanding with a subsidiary of Chinese steel giant Sinosteel Group on financing for its Rocklands project in Queensland state.

CuDeco said the non-binding agreement with mining and construction group Sinsoteel Equipment and Engineering Co. Ltd. outlines financing and terms arrangement options for the entire development of the project.

The company said the deal was one of many opportunities it is discussing with parties in China for the development of Rocklands and other projects.
 

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