01
Aug
01:00
Guineas Mount Nimba adds to growing ArcelorMittal iron ore portfolio
ArcelorMittal has announced that it has signed a sale and purchase agreement with Billiton Guinea B.V. for the acquisition by ArcelorMittal of a 43.5% stake in Euronimba Limited, which holds a 95% indirect interest in the Mount Nimba iron ore project in Guinea, West Africa. The deal is subject to certain closing conditions including “…certain approvals from the government of Guinea”, ArcelorMittal confirms.
The project comprises a 935 mill…
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Very good overview of the weekly steel market.
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