ArcelorMittal bids for Canadian miner

ArcelorMittal bids for Canadian miner

first_img Share Monday 8 November 2010 8:03 pm Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com KCS-content ArcelorMittal, the world’s largest steelmaker, offered C$433m (£267m) for Canadian miner Baffinland Iron Mines yesterday, in a further move to raise self-sufficiency.Baffinland said its board had approved the offer, which values the company at C$1.10 a share, a premium of 16 per cent over the stock’s closing share price on Friday.Baffinland has been looking for partners for its C$4bn Mary River project for about two years. The project has reserves of about 365m tons of ore grading an average of 65 per cent iron, and about 500m tons of ore resources. Baffinland urged its shareholders to tender their shares. ArcelorMittal has been seeking to expand its own production of and long-term contracts for iron ore and coal, particularly as major suppliers Vale, Rio Tinto and BHP Billiton move to quarterly from annual contracts and pump up prices.The agreement marks a further push by steel majors into Canadian iron ore exploration after India’s Tata Steel increased its investment in New Millenium Capital Corp in June..Baffinland’s largest shareholder, Resource Capital Funds, which owns about 23 per cent, and board members have agreed to tender all their common shares and warrants. center_img whatsapp Tags: NULL ArcelorMittal bids for Canadian miner whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionlast_img

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