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.