ArcelorMittal completes its sale of a 15% interest in ArcelorMittal Mines Canada for $1.1bn to a Consortium led by POSCO and China Steel Corporation
Luxembourg, 30 May 2013 – ArcelorMittal announces today the completion of the previously announced investment by a consortium led by POSCO and China Steel Corporation to acquire a 15% joint venture interest in ArcelorMittal’s Labrador Trough iron ore mining and infrastructure assets in Quebec, Canada for US$1.1 billion. The consortium completed its investment by acquiring …