• 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

Germany Salzgitter announces its net profits fall ...
Finance and economy
23 May 2016 10:03
Mechel posts net loss for 2015...
Finance and economy
19 May 2016 10:24
Nippon steel to sell its partial Posco's shares...
Finance and economy
18 May 2016 12:05
Luxembourg Aperam announces its net profits increa...
Finance and economy
17 May 2016 12:01
Turkish basic metals turnover up for March m-o-m...
Finance and economy
17 May 2016 11:07
Most Popular