Mittal may invest in Liberian and Indian mines

Mittal may invest in Liberian and Indian mines

Mittal Steel officials announced that they may look into acquiring iron ore assets in Liberia and India in order to supply raw material to the company's units in Europe and Asia. The Liberian government's plans to sell iron ore mine intrigued Mittal officials because of the country's strategic location in regards to the steel producer's European operations. Furthermore, the officials pointed out that India's over abundance of iron ore reveres makes it the perfect base from which to supply Mittal's Asian mills.