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POSCO, China Steel acquire 15% of ArcelorMittal Mines Canada

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Report summary

In an ongoing effort to achieve self-sufficiency in raw materials, a consortium led by POSCO and China Steel Corporation (CSC) recently acquired a partial interest in ArcelorMittal Mines Canada (AMMC) for a total consideration of US$1.1 billion in cash.  The deal includes a 15% stake in AMMC's mining operations and development deposits, as well as 15% ownership of the associated rail, port and pelletising infrastructure.  As part of the transaction, POSCO and CSC will enter into long-term...

What's included

This report contains

  • Document

    POSCO, China Steel acquire 15% of ArcelorMittal Mines Canada

    PDF 531.10 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 9 images and tables including:

Images

  • Detail map
  • Marketable production - Mont Wright
  • 2013 Global cost curve - all production
  • 2013 Global cost curve - concentrate
  • 2013 Global cost curve - pellet

Tables

  • POSCO, China Steel acquire 15% of ArcelorMittal Mines Canada: Table 1
  • Marketable reserves 01/01/2013
  • POSCO, China Steel acquire 15% of ArcelorMittal Mines Canada: Table 3
  • POSCO, China Steel acquire 15% of ArcelorMittal Mines Canada: Table 4

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