Topic: Materials Sector
ArcelorMittal plans steel plant in Iraq
AFP Global Edition
The world's biggest steel maker ArcelorMittal said Tuesday it plans to build a 130-million-dollar steel plant in Kurdish northern Iraq in partnership with the Turkish company Dayen. ArcelorMittal "signed a memorandum of understanding to establish a joint venture with Turkish partner Dayen to build a steel mini-mill with electric ...
China vows to support steel mills in iron ore talks
AFP Asian Edition
China said Tuesday it will support domestic steel mills in their thorny iron ore price negotiations with global miners even after the Australian government bluntly told Beijing to stay out of the talks. "As the world's largest iron ore consumer, the interests of Chinese steel mills should be reflected ...
Rio 'in talks' with Chinalco over huge Africa field
AFP Global Edition
Rio Tinto is in talks with China's Chinalco on a massive mining project in Guinea, reports said Tuesday, raising hopes of a rapprochement that could unlock one of the world's biggest iron ore fields. The mining giant is in "advanced" discussions with its former Chinese suitor, the Wall ...
Rio, Chinalco in talks on 12 bln dlr Guinea mine: report
AFP Asian Edition
Anglo-Australian miner Rio Tinto is in talks with China's Chinalco on jointly developing the Simandou iron-ore field in the West African nation of Guinea, the Sydney Morning Herald reported Tuesday. Negotiations on developing the 12 billion US dollar (8.75 billion euro) mine had been taking place in Beijing ...
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