• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

CVRD to buy AMCI for $661 million

  • A
  • A
  • A
Brazil CVRD settled an agreement with Australia AMCI for buying the company with US$661 million.

AMCI have total 113.5 million tons of coal per year.

The CVRD's director of new business development, Pedro Rodriges, said, "The acquisition definitively puts CVRD on the map as a coal producer."

CVRD just bought Canadian Inco last year.

CVRD is not only the largest iron ore producer and exporter, it will soon become the second biggest mining company in the world.
News Date 28 Feb 2007 11:41:42 reported by Jessica Tai

United States metal service center both shipments,...
Industry activities
20 Jan 2017 12:38
Finland’s Outokumpu to expand United States stainl...
Industry activities
20 Jan 2017 12:07
Posco plans to upgrade No.3 blast furnace for Feb...
Industry activities
19 Jan 2017 14:22
Russian TMK to sell non-core assets to reduce debt...
Industry activities
19 Jan 2017 14:10
Iran’s Saba Foulad Khalij Fars Co. will begin oper...
Industry activities
18 Jan 2017 10:22
Most Popular