The country’s largest producer has been added to the list of major assets currently on the block. Here, we look at some potential buyers.
Articles Tagged "arcelormittal"
Reuters reported that ArcelorMittal (NYSE:MT) will sell its 15-percent stake — worth $1.1 billion — in ArcelorMittal Mines Canada, its Canadian unit, to a consortium that includes China Steel (TPE:2002) and South Korea's POSCO (NYSE:PKX).
The Mary River project on remote Baffin Island could change the face of Canadian iron mining. Here’s what has to happen to bring it into production.
Reuters reported that Canada's Minister of Aboriginal Affairs and Northern Development has approved the construction of an iron ore mine in Nunavut. The open-pit Mary River project still needs a project certificate and water license and is years away from production, but could produce up to 18 million tonnes of iron ore per year over 21 years.
Bloomberg reported Senegal says it will resolve a legal dispute with ArcelorMittal (NYSE:MT) before negotiating with other companies on developing its iron-ore reserves.
The global economy may have slowed, but iron ore will always be in demand, especially in Asian powerhouses China and India. Iron Investing News looks at Canada's Labrador Trough, an iron-ore-producing region that could one day rival market leaders Australia and Brazil.
Minweb reported ArcelorMittal (NYSE:MT) plans to open an iron ore mine in South Africa by 2015.
Mining Weekly reported ArcelorMittal (JSE:MIT) is seeking government approval before moving to buy an unnamed iron ore resource.
Reuters reported ArcelorMittal (NYSE:MT) wants to raise its majority stake in Bosnia's Prijedor iron ore unit.
Financial Post reported Anglo American (LSE:AAL) and ArcelorMittal (NYSE:MT) won the rights to mine one of South Africa's largest iron ore deposits.