• 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

Taiwan’s China Steel Corp. posts 23% increase in p...
Finance and economy
27 Jan 2015 10:05
Taiwan's CSC plans to cut operating costs ...
Finance and economy
26 Jan 2015 12:17
Tokyo Steel posts higher profit in Apr-Dec...
Finance and economy
23 Jan 2015 09:17
Egypt’s Ezz Steel raises $236 million to restructu...
Finance and economy
21 Jan 2015 17:22
German steel sector outlook to remain sluggish in ...
Finance and economy
20 Jan 2015 12:05
Most Popular