ArcelorMittal gets $810M for stake in iron ore venture
Mar 18, 2013 | 11:09 AM
| Stacy Irish
NEW YORK ArcelorMittal SA said it has received the first installment from its sale of a 15-percent stake in its Labrador Trough iron ore assets in Quebec.
A consortium led by Pohang, South Korea-based Posco Ltd. and Kaohsiung, Taiwan-based China Steel Corp. now owns an 11.05-percent share in the iron ore joint venture in exchange for $810 million....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.