03
Jun
09:36
ITOCHU, Mitsui to acquire Western Ridge stakes
Japan’s ITOCHU Corporation and Mitsui & Co., Ltd plan to acquire a partial interest in the Western Ridge iron ore deposits owned by BHP. The relevant agreements were signed on 2 June.
After these acquisitions, the two companies will hold 8% and 7% stakes in the Western Ridge deposits, respectively, while BHP will own an 85% share, Kallanish notes.
The companies also have to bear any development costs that arise in future in connection with the developm…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous