China Minmetals wins RMB300 mln deal in Brazil

China Minmetals Corp, the nation's biggest producing and trading company of metals and minerals, announced on Friday that it won the deal to design and equip a blast furnace for Brazil's largest pig iron producer and exporter Cosipar, further enhancing its recognition in Brazil's metallurgical industry.

The project, with a contract value of almost RMB 300 million (about US$42.2 million), includes project design, equipment, technical services and training for 450-cubic-meter blast furnace, according to the company.

It was another major Latin American deal for the company after it previously undertook a RMB 2 billion metallurgical equipment project for Brazilian steel plant Gerdau Acominas.