Chinese Group Bids on Peru Iron Ore Project

Chinese Group Bids on Peru Iron Ore Project

Peru

Vancouver-based Cardero Resources has agreed that its subsidiary Cardero Hierro del Peru will sell its Pampa de Pongo iron ore property to China’s Nanjinzhao Group for $200m. However, a Cardero spokesman says this is only the first bid for the property, and that Cardero will entertain other offers for a 9-month period. He adds that a virtual data room was launched yesterday for potential bidders to obtain more information on the project and that the company is working with a broker, but does not

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial