Chinese steel producer Shougang Equities has opened an office in Perth, according to Perth-based iron ore hopeful Australasian Resources Ltd, and will transfer 12 staff to commence work on the company's Balmoral South iron ore project.

Chinese steel producer Shougang Equities has opened an office in Perth, according to Perth-based iron ore hopeful Australasian Resources Ltd, and will transfer 12 staff to commence work on the company's Balmoral South iron ore project.