• 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

Russian TMK announces net loss in Q3 this year...
Finance and economy
26 Nov 2015 09:28
USS announces temporary close its Grani city mill...
Finance and economy
25 Nov 2015 14:26
Gerdau’s sales revenue decreases in Jan-Sep...
Finance and economy
19 Nov 2015 11:45
Jindal Stainless sets to cut debt by 64%...
Finance and economy
19 Nov 2015 08:50
Germany Salzgitter’s net profit rose in January-Se...
Finance and economy
16 Nov 2015 10:44
Most Popular