庫4.jpg)
Save
Print[Ferror-alloy.com] India's Vedanta Resources (LON:VED) will not pursue an acquisition of Rio Tinto's (NYSE:RIO) Canadian iron-ore project, a person familiar with the company told The Wall Street Journal on Tuesday.
Financial considerations motivated the decision, the source said.
Since March, Rio Tinto – Canada's largest iron ore producer – has been trying to sell its 59% interest in Iron Ore Co. of Canada which operates a single mine in the Carol Lake region of Newfoundland. The move is part of a broader company strategy to cut $5 billion of its global expenses over the next two years.
China Minmetals Corp has shown strong interest in the $4 billioniron-ore operations.
Other potential buyers include Glencore Xstrata (LON:GLEN) and Blackstone Group (NYSE:BX).
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:editor]
Daily News
Research
Magazine
Company Database
Customized Database
Conferences
Advertisement
Trade
?bào)/2024/Ferrovanadium From China and South Africa; Institution of Five-Year Reviews.pdf)
?bào)/2024/000QQ截圖20250702150156.png)
?bào)/2024/QQ截圖20250701103148.png)
Online inquiry
Contact
Tell Us What You Think