Montenegro’s transport firm Montecargo has struck a deal with HBIS Group Serbia the owner of the Smederevo steel mill that will see it ship 30,000 tonne of iron ore for the Chinese-owned company. Montecargo CEO Muradif Grbovic has said that “Transport of 120,000 t of ore for the company, which is backed by Chinese capital, can be expected next year, from which Montecargo can expect revenues of 1.1 million euros.” (Ukrainian metal)