Posted AT 10:12 AM EST on 20/08/08
ArcelorMittal buys stake in Adriana
VANCOUVER — Global steel maker ArcelorMittal is teaming with a small Canadian resources company to develop a $250-million (U.S.) iron ore port in Brazil.
The port will be built on lands in the state of Rio de Janeiro that were acquired by Vancouver-based Adriana Resources Inc. in January.
ArcelorMittal, the world's biggest steel producer and owner of Canada's largest steelmaker by revenues, formerly known as Dofasco Inc.
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