Wednesday, 7 March 2012

WinSun get LOI to supply 60,000 tonnes of iron ore a month

KUALA LUMPUR (March 7): WINSUN TECHNOLOGIES BHD []’s unit has received a letter of intent from Ningbo Shanghao Mining Investment Co. Ltd to buy 60,000 tonnes of iron order month over two years.

WinSun said on Wednesday the group was on track to diversify into the trading of raw materials for its clients which were mainly companies involved in the heavy industries.

It said that its unit WinSun Engineering Sdn Bhd would have to supply to Ningbo Shanghao 720,000 tonnes of high grade iron ore a year, or 1.44 million tonnes during the two-year contract.

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