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Chinese Co wants to raise steel mill
Though Nawaz Sharif used to be an iron industry man before Gen. Zia ul Haq pulled him into politics. But as Prime Minister he has supported no engineering or mining activity. He has taken no action even on huge Chiniot iron mines - 500 million tonnes - discovered some months ago, 60-65pc of these are of high grade Metallurgical Corporation of China is interested in setting up a mine mouth steel mill in Chiniot. Local iron ore, as a primary raw material in steel manufacturing, will have a pivotal role in shaping Pakistan's metallurgical industry. Iron ore, estimated 1.427bn tonnes of reserves of various grades, is among Pakistan's top five minerals. Kalabagh with reserves of 350m tonnes is one of Pakistan's largest. Estimates based on recent findings show probability...