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Ferrexpo acquires $80 million stake in Brazil's Ferrous Resources

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Report summary

Ukrainian miner Ferrexpo announced on 18 September that it had acquired a partial interest in Brazilian iron producer Ferrous Resources for a total consideration of US$80 million.   The deal includes a 14.4% stake in Ferrous' active mining operations, development projects, reserves and resources.  The purchase price is nearly in line with our valuation of US$78.6 million for 14.4% interest in Viga and Esperança, Ferrous Resources' only currently producing assets, and thus we believe the deal...

What's included

This report contains

  • Document

    Ferrexpo acquires $80 million stake in Brazil's Ferrous Resources

    PDF 530.09 KB

Table of contents

  • Executive summary
  • Deal summary
  • Location map
  • Iron ore assets
  • Deal analysis
  • Upside & risks
  • Strategic Rationale
  • Economic Assumptions

Tables and charts

This report includes 7 images and tables including:

Images

  • Detail map
  • Marketable production - Ferrous Resources
  • 2013 Global cost curve - all production

Tables

  • Ferrexpo acquires $80 million stake in Brazil's Ferrous Resources: Table 1
  • Marketable reserves 01/01/2013
  • Ferrexpo acquires $80 million stake in Brazil's Ferrous Resources: Table 3
  • Ferrexpo acquires $80 million stake in Brazil's Ferrous Resources: Table 4

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