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ArcelorMittal takes stake in Maccarthur Coal
0 Comments | AFP, May, 2008
LUXEMBOURG (AFP) — ArcelorMittal, the world's biggest steelmaker, said on Wednesday it had taken a 14.9-percent stake in Maccarthur Coal of Australia for 604.8 million dollars (384 million euros).
The acquisition was made through stock market transactions between April 24 and May 21.
Maccarthur Coal specialises in the production of pulverised coal used in the manufacture of steel.
The company's saleable production came to 3.6 million tonnes in 2007. Its exploitable resources amount to 1,547 million tonnes.
© 2008 AFP
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