WE Holdings

WE Holdings: 50/50 JV, Dragon WE Cement Joint Venture, has secured a temporary permit to acquire a 20% stake in Dragon Cement. In addition, group secured its third iron ore trading contract worth US$1m to deliver 15,000 WMT of iron ore lumps at US$68.50/DMT, with a minimum 58% FE content, to China’s Sinosteel Hunan by 20 Aug 2014.