20
May
12:34
India’s JSW Steel secures Mozambique coking coal mine
JSW Steel, a major player in India's steel industry, has strategically secured essential raw materials by acquiring a Mozambique-based mining firm specializing in high-grade coking coal, Kallanish notes.
JSW Steel will obtain a 92% equity stake in Minas de Revuboe (MDR) and shareholders' loans for $73.7 million.
This deal grants JSW Steel access to over 800 million metric tonnes of premium hard coking coal reserves in Mozambique, as revealed in an in…
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Anonymous
Very good overview of the weekly steel market.
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