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Baowu Resources Co., Ltd, a subsidiary of China Baowu Steel Group, signed an investment cooperation agreement with WCS in Beijing on the Simandou Northern Block Iron Ore Mine Project.
CSSC Qingdao Beihai Shipbuilding has signed a contract for the construction of two 325,000 dwt ore carriers with Winning International Group.
In 2020 Beny Steinmetz was convicted in absentia in Romania on charges of real estate fraud and was sentenced to five years in prison.
Billionaire mining magnate Beny Steinmetz has been detained in Cyprus for allegedly trying to illegally secure land rights in Romania.
A spokesperson for the Israeli businessman: Interpol canceled the warrant issued by the Romanians, after identifying human rights violations, and violation of Steinmetz's fundamental right to a fair trial in Romania.