Wednesday, June 6, 2007

UPDATE 1-Stelco to sell stake in Wabush iron mine

(Reuters) - The transaction includes C$44.4 million in cash and assumed
liabilities of about C$94.6 million, as well an agreement with
Consolidated Thompson to supply iron ore pellets to the steel
producer until Dec. 31, 2009, Stelco said in a statement.




Hamilton-based Stelco said will also retain its share of
the Wabush iron ore inventory, which is valued at about C$35.7
million.


Read more at Reuters.com Mergers News

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