10
Jun
01:00
Ferrexpo completes disposal of Brazilian iron ore miner stake
Ukraine’s Ferrexpo has completed the disposal of its 15.1% stake in Brazilian miner Ferrous Resources Limited for $41.8 million. The Brazilian firm produced 5.6 million tonnes of iron ore in 2014, and had planned to increase output to 17mt in 2016 before prices for the raw material plummeted last year.
Ferrous Resources possesses two mines: Viga located in Congonhas, and Esperanca situated in Brumadinho. Half of its output is exported. The firm’s…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous