Tag «15% interest»

ArcelorMittal completes its sale of a 15% interest in ArcelorMittal Mines Canada for $1.1bn to a Consortium led by POSCO and China Steel Corporation

Luxembourg, 30 May 2013 – ArcelorMittal announces today the completion of the previously announced investment by a consortium led by POSCO and China Steel Corporation to acquire a 15% joint venture interest in ArcelorMittal’s Labrador Trough iron ore mining and infrastructure assets in Quebec, Canada for US$1.1 billion. The consortium completed its investment by acquiring …

ArcelorMittal completes the first instalment of its sale of a 15% interest in ArcelorMittal Mines Canada for $1.1bln to a Consortium led by POSCO and China Steel Corporation

Luxembourg, 15 March 2013 – ArcelorMittal announces today the completion of the first instalment of the previously announced investment by a consortium led by POSCO and China Steel Corporation (CSC) to acquire a joint venture interest in ArcelorMittal’s Labrador Trough iron ore mining and infrastructure assets in Quebec, Canada. The consortium acquired an 11.05% interest …

ArcelorMittal agrees to sell a 15% interest in ArcelorMittal Mines Canada for $1.1bln to a Consortium led by POSCO and China Steel Corporation

Luxembourg, 2 January 2013 – ArcelorMittal announces today that it has entered into an agreement pursuant to which ArcelorMittal’s wholly owned subsidiary ArcelorMittal Mines Canada (AMMC) and a consortium led by POSCO and China Steel Corporation (CSC) will enter into a joint venture partnership that will own ArcelorMittal’s Labrador Trough iron ore mining and infrastructure …