Iron, News & Features, Resource News
Aditya Birla may bid for Northern Iron
By The Australian · May 10, 2012 · 12:34 am · Leave a Comment
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INDIA’S Aditya Birla Group has submitted a non-binding bid to buy Australia’s Northern Iron, the Economic Times reported today, citing two sources with direct knowledge of the matter.
Northern Iron – which has an annual iron-ore production capacity of 2.2 million tonnes – is expecting a valuation of close to $500 million, the report said.
