• 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

Indian JSPL acquires 9.25% share in Australian Apollo Minerals

  • A
  • A
  • A
Indian steelmaker Jindal Steel & Power Ltd (JSPL) acquired 9.25% shares in Australian Apollo Minerals, aiming to join the development of Commonwealth Hill iron ore project in Southern Australia.

JSPL said that it will pay AUD1 billion for the 9.25% share in Apollo Minerals.

Dominic Tisdell, the Chief Operating Officer of Apollo Minerals expected that JSPL’s investment will help to accelerate the development of Commonwealth Hill iron ore project.

Meanwhile, Apollo Minerals is also currently developing the Mount Oscar iron ore project in Western Australia.
News Date 10 May 2012 11:02:57 reported by Caroline Bian

Tata Steel's net profits turn positive in Q1 of fi...
Finance and economy
02 Sep 2015 10:29
Australia's BlueScope steel announces its financia...
Finance and economy
01 Sep 2015 09:20
Tata Group’s revenue increased by 5% this fiscal y...
Finance and economy
31 Aug 2015 15:44
Russia’s Evraz Group announces its net profit incr...
Finance and economy
31 Aug 2015 11:34
Sweden Schmolz+Bickenbach company announces its sa...
Finance and economy
28 Aug 2015 09:28
Most Popular