Mittal Expects to Make N Cape Iron-Ore Mine Call by End Aug
Mining Weekly reports ArcelorMittal (NYSE:MT,AMS:MT,JNB:ACL) will complete its due diligence of an iron-ore prospect in the Northern Cape by the end of August.
Mining Weekly reports ArcelorMittal (NYSE:MT,AMS:MT,JNB:ACL) will complete its due diligence of an iron-ore prospect in the Northern Cape by the end of August.
ArcelorMittal, the world’s biggest steelmaker, declared that it was not buying any iron ore on a spot basis and all its ore purchases were based on traditional contracts. Lakshmi Mittal, the chairman and chief executive of the company, stated: We’re not buying anything on spot, we’re buying all on contract price. For full story, click [...]
Brazilian miner Vale declared that it has cut prices for iron ore to ArcelorMittal, the world’s leading steelmaker, as the global slump reduces demand for the key steel ingredient. For full story, click here
Lakshmi Mittal is looking at entering the takeover battle for the Rio Tinto mining group. For full story, click here
Lakshmi Mittal is looking at entering the takeover battle for the Rio Tinto mining group. For full story, click here
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