Luxembourg-based global steelmaker ArcelorMittal has announced that it has completed the first part of its sale of a 15 percent share in its wholly-owned subsidiary ArcelorMittal Mines Canada (AMMC) to a consortium led by the South Korean ...
Tags: Arcelormittal, Metallurgy, Mineral
Global steel giant ArcelorMittal has announced that it is targeting $3 billion in savings by the end of 2015, by improving the reliability and productivity of its blast furnaces and cutting fuel costs. The steelmaker stated that the asset ...
Tags: Arcelormittal, Mineral, steel
Serge Miller, the chief executive of ArcelorMittal Mines Canada chief executive, stands down and completes the 36 years in the iron ore company. Steve Wood, ArcelorMittal’s vice-president of iron ore operations for the Americas region ...
Tags: Mines, ArcelorMittal, CEO
Luxembourg-based steelmaker ArcelorMittal has announced that it produced 14 million mt of iron ore, excluding strategic long-term contracts, in the fourth quarter of 2012, down 7.5 percent, while its annual output for the full year 2012 ...
Tags: Iron Ore, Arcelormittal, Mineral
The world's largest steelmaker Luxembourg-based ArcelorMittal has announced its financial results for the fourth quarter and the full year 2012. In the fourth quarter, ArcelorMittal registered a net loss of $3.99 billion compared to a net ...
Bloomberg reported that the USD 1.1 billion purchase of a stake in ArcelorMittal Canadian iron ore unit by China Steel Corporation and POSCO increased interest in Canada’s ability to meet Asian demand for the steelmaking raw material. ...
Tags: ArcelorMittal, Canadian iron ore unit, China Steel Corporation, POSCO
According to report, South Korea’s Posco and Taiwan’s China Steel Corp (CSC) said they will purchase a 15% stake in Canadian iron ore and pellet producer owned by ArcelorMittal by US$ 1.1 billion. It is joint venture with ...
Tags: South Korea, Posco, Taiwan, CSC, iron ore, ArcelorMittal
ArcelorMittal announced that it has entered into an agreement pursuant to which ArcelorMittal’s wholly owned subsidiary ArcelorMittal Mines Canada and a consortium led by POSCO and China Steel Corporation will enter into a joint ...
Tags: ArcelorMittal, agreement pursuant, ArcelorMittal Mines Canada, steel
Luxembourg-based global steelmaker ArcelorMittal has announced that its wholly owned subsidiary ArcelorMittal Mines Canada (AMMC) and a consortium led by South Korean steel producer POSCO and Taiwan's China Steel Corporation (CSC) will ...
Tags: ArcelorMittal, steelmaker, AMMC, steel
Bloomberg reported that POSCO agreed to buy a stake in ArcelorMittal Mines Canada Inc. Mr Chung Jae Woong spokesman of POSCO said that POSCO hasn’t decided on the amount of stake it will purchase or for how much The Maeil Business ...
Tags: POSCO, ArcelorMittal Mines Canada, iron ore, company news
Koreajoongangdaily reported that POSCO has been selected as a preferred bidder for a KRW 1 trillion (USD 922 million) deal to acquire a 15% stake in ArcelorMittal Mines Canada Industry sources with direct knowledge of the matter said that ...
Tags: iron ore price news, steel scrap buyers, steel suppliers
According to report, a bidding group including steelmaker Posco is trying to purchase about US$1 billion stake in Canadian iron ore mine owned by ArcelorMittal. The group looks to acquire about a ten percent stake in ArcelorMittal ...
Tags: Mine, the raw material, steelmaker