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Mittal in $1bn deal with Mahan to produce iron in IranMittal Steel has signed a €1 billion ($1.09 billion) deal with Mahan Industries and Mines Development Company, a subsidiary of Iran's Tourism Financial Group, to produce iron in southern Iran, according to a report. More… |
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French groups to sell $452m UK assets to MittalCement maker Lafarge and miner Anglo American have agreed to sell British assets for up to £285 million ($452 million) to Indian steel tycoon Lakshmi Mittal, thus clearing the way for a building materials joint venture in the country. More… |
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Fortunes of UK's richest rise to record highBritain's wealthiest people saw their fortunes rise to record levels last year, according to the annual Sunday Times Rich List, at a time when most Britons' earnings and savings were squeezed by inflation and low interest rates. T More… |
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StanChart sees 30pc growth in commodity tradeStandard Chartered expects to post a 30 per cent year-on-year growth in its commodity trading revenue in 2011 on strong demand from its clients in Asia, Africa and the Middle East, a senior company official said on Thursday. The bank is al More… |
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Mittal family tops UK rich listSteel magnate Lakshmi Mittal's family members have once again topped the list of Britain's wealthiest people with a fortune of £17.5 billion ($28.6 billion), according to Sunday Times newspaper. The newspaper is set to release in its More… |
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ArcelorMittal plans to invest $5-10bn in IndonesiaThe world's largest steelmaker, ArcelorMittal, said on Thursday it is looking to invest up to $10 billion in Indonesia as it taps into the country's steel and mining sector. As part of its investment plans for Southeast Asia's top economy, More… |
