OREANDA-NEWS. June 10, 2011. Baosteel Resources (International) Co.,Ltd. began its strategic investment cooperation with Canada's NORONT Resources Co.,Ltd. (NORONT). Baosteel Resources (International) invests 17.4 million Canadian dollars to buy 9.9% of the private placement shares of NORONT. Baosteel Resources (International) will get a board seat and have priority on the involvement and development of NORONT projects, reported the press-centre of Baosteel.

Headquartered in Toronto and isted in growth board in Canada, NORONT is a medium-sized resource company based on resource exploration and is now transforming to resource development.

It has exploration and mining rights of a number of nickel sulfide copper mine, chromium ore, gold mine, and vanadium and titanium magnetic iron ore.