ArcelorMittal Confirms Exploratory Talks Over Senegal Mine
28 Luglio 2010 - 12:36PM
Dow Jones News
The world's largest steelmaker ArcelorMittal (MT) confirmed
Wednesday that "exploratory" talks about development of its Senegal
iron ore deposit are ongoing, but declined to give further
details.
Earlier this month, India state-owned iron ore producer NMDC
Ltd. (526371.BY) said it's in talks with ArcelorMittal over forming
a joint venture to develop the Faleme iron ore deposit in
Senegal.
ArcelorMittal gained control of Faleme in 2007, but it has so
far not been developed.
Due to reduced demand for steel last year, ArcelorMittal said it
put development and investment on hold.
When ArcelorMittal took control of the project it said the mine
development, including 750 kilometers of rail and a port, would
cost $2.2 billion. It planned to develop the mine in phases to
eventually reach annual iron ore output of between 15 million and
25 million metric tons.
-By Devon Maylie; Dow Jones Newswires; (4420) 7842 9483;
devon.maylie@dowjones.com
Grafico Azioni Arcelor Mittal (NYSE:MT)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Arcelor Mittal (NYSE:MT)
Storico
Da Lug 2023 a Lug 2024