A Posco (PKX) led group is reportedly in exclusive negotiations to acquire a 10% stake in...


A Posco (PKX) led group is reportedly in exclusive negotiations to acquire a 10% stake in ArcelorMittal Mines Canada (MT) after the consortium was named as the preferred bidder for the holding, which is worth $1B. Previous speculation said the South Korean steelmaker would invest $200M-300M in the iron-ore miner, with the rest coming from its partners.

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