Yansteel-Sheffield JV
YGH Australia (Yansteel), a subsidiary of Tangsteel (one of the largest steel manufacturing state-owned enterprises in China) and ASX-listed Sheffield Resources have commenced their joint venture (known as “Kimberley Mineral Sands” (KMS)), under which Yansteel has acquired a 50 percent stake in the KMS project in Western Australia. The KMS project will involve a 10.4 million tonnes a year mine and process plan, with the project reportedly holding one of the largest and highest grade mineral sands discoveries of the century.
Source: https://www.australianmining.com.au/news/sheffield-yansteel-complete-thunderbird-jv/
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