Glencore Xstrata reportedly interested in Rio Tinto’s Canadian iron ore operations

Tuesday, 04 June 2013 16:29:43 (GMT+3)   |   Istanbul
       

International commodities producer and trader Glencore Xstrata and US-based private equity firm Blackstone Group LP are interested in the global miner Rio Tinto's majority share in Canada's largest iron ore producer Iron Ore Company of Canada, according to media reports. Rio Tinto's 59 percent stake in the Canadian company is estimated to be worth $4 billion.
 
Media reports also suggest that out of 13 to 15 initial bidders for the Canadian iron ore operations, Rio Tinto has drawn up a shortlist including five to six companies.

Similar articles

Iron ore prices drop by over $9//mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials