• 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

Ukraine's ArcelorMittal Kryvyi Rih to reconstruct ...
Industry activities
28 Jul 2015 14:15
Russia’s MMK to purchase new continuous hot dip ga...
Industry activities
28 Jul 2015 13:40
Taiwan’s CSC plans to set up steel mill in Indones...
Industry activities
27 Jul 2015 10:26
South Africa’s Highveld Steel & Vanadium Corp to s...
Industry activities
24 Jul 2015 11:12
Japan's JFE Steel to continue cutting steel produc...
Industry activities
24 Jul 2015 10:16
Most Popular