Tata Steel in strategic allianee with Ganada's Labrador Mines

摘要

Tata Steel has entered into a strategic pact worth Canadian dollar 30 million with Labrador Iron Mines Holdings and the agreement includes transfer of 51 % stake in one of the deposits owned by the Canadian entity to it. "Tata Steel through its subsidiary Tata Steel Minerals Canada Limited (TSMC), entered into a framework arrangement with LIM to establish a strategic relationship... the two companies have agreed to co-operate with each other in various aspects of their respective iron ore operations in the Labrador, Trough," the steel major said in a statement.