FOXBusiness.com: POSCO consortium buys $1.1 billion stake in ArcelorMittal operator: source

FOXBusiness.com FOX Business Network - The Power to Prosper

POSCO consortium buys $1.1 billion stake in ArcelorMittal operator: source Jan 2nd 2013, 01:16 A consortium which includes South Korean steelmaker POSCO has agreed to buy a 15 percent stake in a Canadian iron ore mine operator controlled by ArcelorMittal for $1.1 billion, a source familiar with the deal said on Wednesday.

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