Tag «posco»

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 …

Global VC Funding in Smart Grid Sector Remains Flat in Q1 2013 with $62 Million Reports Mercom Capital Group

Pace of funding largely unchanged for last five quarters BANGALORE – April 23, 2013 – Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the smart grid sector during the first quarter of 2013. Smart grid venture capital (VC) funding …

STEEL ELIMINATES WEIGHT GAP WITH ALUMINIUM FOR CAR BODIES

New studies show a further reduction in body structure mass DETROIT – 16 April 2013 – The latest in a continuing series of research studies strongly suggest that steel auto body structures in the near future can be as lightweight as today’s aluminium bodies, while meeting all crash performance standards and at comparable cost of …

Land Acquisition for Steel Plants

The Minister of Steel, Shri Beni Prasad Verma has said that the land handed over to Bokaro Steel Plant (BSL) by the then State Government includes 26908.565 acres acquired land, 3600.215 acres Gair Mazarua land and 778.46 acres forest land. The available land of Bokaro Steel Plant has been used for the existing plant, township …

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 …

Foreign Collaboration in Steel Sector

The details of Memorandum of Understandings (MoUs) signed by Steel Authority of India Limited and NMDC Limited with foreign companies for setting up joint venture in the steel sector are given below: S.No. Name of the Indian Company Name of the Foreign Company Date of signing ofMoU. Details ofMoU/Present Status Likely benefits. 1. Steel Authority of India …

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 …

World Steel Association elects new officers and welcomes new members

New Delhi, 10 October 2012 – The Board of Directors of the World Steel Association (worldsteel) has elected the following new officers for 2012/2013: Chairman: Alexey Mordashov, General Director, Severstal JSC Vice Chairmen: Xiaogang Zhang, President, Anshan Iron & Steel Group Corporation Joon-Yang Chung, Chairman and CEO, POSCO Treasurer: John Surma, Chairman and CEO, United …