Hints and tips:
...The mine and processing facility on Minnesota’s Mesabi iron ore range was declared bankrupt in 2016 by its then-owner, Essar, the Indian conglomerate, which had spent nearly $2bn developing the project....
...The five steel companies among the 12 — Bhushan Steel, Bhushan Power & Steel, Electrosteel, Essar Steel and Monnet Ispat — are promising buyout targets for larger rivals such as Tata Steel, according to...
...Separately, it is “monitoring” an iron ore pellet plant under development by Essar in Minnesota that has filed for bankruptcy protection, with the view that it could supply the Canadian mills....
...On an abandoned iron ore deposit just outside of Hibbing, Minnesota — the boyhood home of Bob Dylan — India’s Essar Steel is ramping up construction on a $1.9bn mining and processing facility....
...In addition to the pork and steel sales, it sold a US crop insurance agency and has largely exited its hedge fund business....
...Metallurgical coal from Trinity will supply Essar’s Algoma steel plant in Canada and planned steel operations in Minnesota, where it has iron ore reserves of 1.4bn tonnes....
...BlueScope Steel of Australia, Tata Steel and Essar Steel, both of India, were also sniffing at the company....
...The deal was rapidly followed by an aggressive push into North America by India’s Essar group, which agreed to pay $1.63bn for Canada’s Algoma Steel and followed this with a plan to buy Minnesota Steel in...
...Essar has not revealed the price of the Minnesota Steel acquisition....
International Edition