Magnetation, Ahmsa enter iron ore offtake agreement

Dec 22, 2010 | 12:31 PM |

Magnetation Inc. has entered into a long-term offtake agreement with Altos Hornos de Mexico SA de CV (Ahmsa), with shipments set to begin in January 2012.

The financial terms of the deal were not disclosed, but Magnetation said Tuesday it will supply its MagCon iron ore concentrate to be used as pellet feed in Ahmsa's steel plant in Monclova, Mexico.....

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