predators lifts kimono only wanted iron ore

Reported on (BNN) Canada National Business News 10am EST Nobember 14th. POSCO LED GROUP is trying to buy ArcelorMittal`s Quebec Cartier Mining (QCM). This company has +18Million Tonne Annual iron ore capacity, rail and port that partly mirrors integrated ARI + similar production cost and FE% but 50% more capacity albeit no global leading mining consumables or steel mill or recyclable or distribution footprint and 3X distance from posco mills.

QCM IS looking for $8Billion so now it`s uncontestable that Posco talking about wanting the ARI AUSTRALIAN steel mill so they can re-invest was just smoke and mirrors BS to win over the local government regulators. They are looking at spending $8BILLION FOR IRON ORE in CANADA.

The value proposition that ARI OFFERS longterm cannot be duplicated anywhere! TOO bad a company like Posco listened to their secret backers and played some dirty hands as this legacy won`t be forgotten!