U. S. Steel Canada, formerly Stelco, ...

U. S. Steel Canada, formerly Stelco, scraps plan to sell stake in Wabush Mines

There are 28 comments on the The Canadian Press story from Mar 4, 2008, titled U. S. Steel Canada, formerly Stelco, scraps plan to sell stake in Wabush Mines. In it, The Canadian Press reports that:

“Cliffs believes that terminating negotiations and remaining a partner in the Wabush Mines joint venture is the best course of action for all stakeholders at the current time”

- The company formerly known as Stelco, and its U.S. partner, have thwarted attempts by rival steelmaker ArcelorMittal Dofasco Inc. to take control of the Wabush Mines iron ore venture in Labrador and Quebec.

Hamilton-based U.S. Steel Canada Inc. and partner Cleveland Cliffs Inc., said Tuesday they had withdrawn from negotiations to sell their combined 71 per cent stake in the Wabush Mines company to ArcelorMittal Dofasco Inc., also of Hamilton.

The former Stelco, acquired last summer by United States Steel Corp. (NYSE:X), holds a 44.6 per cent stake in Wabush Mines, while Cleveland-Cliffs owns 26.8 per cent and ArcelorMittal Dofasco holds the remaining 28.6 per cent. Read more

Join the discussion below, or Read more at The Canadian Press.

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“Continually Updated from Net”

Since: Jan 07

A PBS place in an MTV world

#22 Mar 14, 2008
Overhaul to Ontario mining act expected 3 hrs ago | MyKawartha.com

Date: 2008-03-14 By Lauren Gilchrist "The mining act in Ontario hasn't had a major overhaul in about 100 years, there's no question, we've said so publicly," Mary McGillis is appalled at how Trent professor ...

http://www.mykawartha.com/news/article/27516

Related Topix: Sandford, ON, Canada, Ontario, Canada, World News

“Continually Updated from Net”

Since: Jan 07

A PBS place in an MTV world

#23 Mar 15, 2008
Under a cloud (Mar 15, 2008)-

The Ontario Ministry of the Environment MOE is getting tough with

ArcelorMittal Dofasco for repeatedly releasing

clouds of pollution into the air over east Hamilton.

http://www.thespec.com/article/340062

“Continually Updated from Net”

Since: Jan 07

A PBS place in an MTV world

#24 Mar 15, 2008
Stelco restructuring guru joins Hydro One

TORONTO (Mar 15, 2008)-

Former Molson Inc. CEO James Arnett is the new chair of

Hydro One, the giant Ontario government-owned

transmission utility with 5,500 employees...

http://www.thespec.com/article/340247
jjk

Hamilton, Canada

#27 Oct 30, 2009
what a suprise..Wabush is now in the hands of an american company...thanks again u s steal of Canada..funny how things change
roy

Hamilton, Canada

#28 Aug 4, 2011
What ??????????
Roy

Hamilton, Canada

#29 Aug 7, 2011
What ?????
Mike2

Hamilton, Canada

#30 Sep 20, 2011
Roy wrote:
What ?????
No .
wow

Brampton, Canada

#31 Sep 21, 2011
PLEASE!!!

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