According to a foreign newspaper, ArcelorMittal may resume operation at its second blast furnace in Dunkerque, France from mid January after it remained shut since August. The company originally shut down the blast furnace for maintenance but kept it closed owing to low demand. According to the firm, steel demand in Europe decli
Tag: ArcelorMittal
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ArcelorMittal to trim debt via stake sale
As part of its strategy to offload assets and reduce debt, ArcelorMittal decided to sell 15 percent stake in Canada's Labrador Trough iron ore mining and infrastructure asset. The stake would be bought by a consortium that includes South Korean steelmaker POSCO and Taiwan-listed China Steel Corp in a deal valued at $1.1 billion, repo
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ArcelorMittal signs $447 mn sale pact
ArcelorMittal has entered into a sale and purchase agreement (SPA) with the head of its joint venture partner Kalahari Resources for sale of its 50 percent stake
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Look what's not moved: The Bill on the biggest immovable
Political expediency seems to be hijacking our land acquisition laws. On the one hand, Uttar Pradesh and Gujarat have declared that acquisition can only occur by consent, and the Land Acquisition Act will not be invoked.
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Coal rush in Mongolia
A dozen bidders including ArcelorMittal and Vale of Brazil are vying for the Tavan Tolgoi coking coal project to develop the world’s largest untapped coking coal deposit in Mongolia.
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