Tue May 21 17:54:04 SAST 2013
Tue May 21 17:54:04 SAST 2013

ArcelorMittal still eye ICT

Oct 5, 2011 | I-Net Bridge | 0 comments

WHILE ArcelorMittal SA, the South African arm of the world's largest steel maker, has abandoned its R9.1-billion black economic empowerment deal it is still entertaining the possibility of acquiring Imperial Crown Trading.

AMSA said last year it was willing to pay R800-million for ICT, the sole asset pf which is the prospecting rights to a 21.4% share of Sishen, the country's largest iron ore mine.

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