By Kishori Krishnan Exclusive To Iron Investing News Iron clad deals are in play. Chinese steel and iron ore group Baosteel has proposed to pay US$ 1.6 billion for a 30 per cent stake in Anglo American‘s (AAL.L) huge Minas Rio iron ore mine in Brazil. Traders maintain that any deal with Baosteel could help [...]
Continue reading "Baosteel To Edge Out Xstrata in Anglo American?"
Monday, June 22, 2009
Many a firm has taken a hit as demand beat a hasty retreat ever since the international financial slump washed up at Indian shores in September 2008. The accompanying credit crunch meant that those with cash reserves can now go cherry-picking with a slew of firms available at a relatively lower valuation. For full story, [...]
Continue reading "Sesa Goa’s V S Dempo buy out has come at a cheap valuation"
Wednesday, April 8, 2009
Cia. Vale do Rio Doce, international leading iron ore producer, should outperform its rivals in the short term as spot iron-ore prices are close to a bottom. For full story, click here
Continue reading "Vale may perform better as Iron-ore prices rebound"
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Monday, October 5, 2009