Posco consortium to buy stake in Canadian ore asset for US$1.1 billion

ArcelorMittal, the world's biggest steelmaker, will sell a US$1.1 billion stake in a Canadian iron-ore mine operator to a consortium that includes South Korean steelmaker Posco and Taiwan-listed China Steel, China Steel said in a statement.

via Business feed http://www.scmp.com/business/commodities/article/1118448/posco-consortium-buy-stake-canadian-ore-asset-us11-billion