The addition of this sales office represents a great deal of promise for Hurricane. Through the addition of the Chinese sales office, Hurricane has begun assembling a consortium of steel producers seeking to secure long-term supplies of iron ore. This will allow Hurricane the opportunity to evaluate investment opportunities to develop global reserve assets into producing iron ore mines for the benefit of the consortium.
In addition to the Joint Venture for the Chinese Sales Office, Hurricane announced the addition of Quanli Ma as its Managing Director in charge of negotiating and managing all of Hurricane’s relationships with the Chinese Steel industry.
Ma is a renowned name in the industry. Prior to joining Hurricane, Ma served as Chief Purchasing Officer for a large state-owned steel producer and major importer of iron ore in China. Ma represents a successful global presence based on his time spent as the Deputy Representative for the Chinese Ministry of Commerce in Africa. The addition of Quanli Ma represents a great deal of promise to the future of Hurricane and WorldVest and also brings a great deal of credibility to the company.
Garrett K. Krause, who serves as the Senior Managing Director of the emerging young company, was quoted as saying, “At this time there is a dramatic shift taking place within the $80 billion global iron ore market. With the majority of the world’s buying power, China has begun flexing its muscles and challenging the status quo. The result, in our mind, is an enormous opportunity for Hurricane to recognize and address the causes of the disconnect existing among producers and buyers in order to emerge as a long-term partner and solution provider in this market.”