A stake in two Canadian mines advances China Steel's goal of securing its supplies of iron ore

摘要

ArcelorMittal said in a 2 January statement that a group led by China Steel Corp and Posco had agreed to pay $1.1bn in cash for 15 per cent of ArcelorMittal Mines Canada Inc. According to the ArcelorMittal website, the deal will give the purchasers access to two open-pit mines that together produce about 15 million metric tons of iron ore concentrate a year and more than 9 million mt of iron oxide pellets.