Posco confirms that it is part of a group that has agreed to acquire a 15% stake in iron-ore...

|By:, SA News Editor

Posco confirms that it is part of a group that has agreed to acquire a 15% stake in iron-ore company ArcelorMittal Mines Canada (MT) for $1.1B. Earlier today, it was reported that China Steel will invest $540M and Posco $270M, with the South Korean firm looking to bring in other potential investors. (Previously)