ArcelorMittal boosts Iron-ore stance In Brazil

摘要

THE world's top steel producer ArcelorMittai has again boosted its self-sufficiency, with the purchase of iron-ore mining company London Mining Brasil. ArcelorMittai said it had agreed to purchase the company, a wholly-owned subsidiary of Oslo-listed London Mining pic, for 810 million US dollars. London Mining Brasil's assets are located in Minas Gerais, Brazil, and contain an estimated 1,059Mt of measured, indicated and inferred iron-ore resources.