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    iron investing

    Senegal Resolves Legal Dispute With ArcelorMittal

    Investing News Network
    Nov. 08, 2012 11:41AM PST
    Base Metals Investing

    Bloomberg reported Senegal says it will resolve a legal dispute with ArcelorMittal (NYSE:MT) before negotiating with other companies on developing its iron-ore reserves.

    Bloomberg reported Senegal says it will resolve a legal dispute with ArcelorMittal (NYSE:MT) before negotiating with other companies on developing its iron-ore reserves.

    As quoted in the market news:

    ArcelorMittal, the world’s largest steelmaker, signed a $2.2 billion deal in 2007 that included building a rail line to the coast and upgrading the port in Dakar, with production scheduled to begin last year. The Luxembourg-based producer suspended the project in 2009 after the world financial crisis. Diouf declined to name companies that may discuss the resource.

    Click here to read the full Bloomberg report.

    iron investingnyse:mt
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