United States Steel Corporation announced it closed its acquisition of the remaining equity of Big River Steel (“Big River Steel”) for approximately $774 million from cash on hand. The transaction met customary closing conditions, including antitrust approval from the United States Department of Justice. “We are creating the first ‘Best of Both’ integrated and mini mill steel company. Taking a page from the Big River Steel playbook, we are closing on th

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Tacora Resources Inc. announced that it has completed the acquisition of Sydvaranger Mining AS and its subsidiaries ("Sydvaranger"), an iron ore mine and processing plant located in Sør-Varanger, Norway.  The acquisition of Sydvaranger provides Tacora with a 4 million tonne per year shovel-ready expansion opportunity and geographical diversification in a tier 1 jurisdiction. Sydvaranger operated from 1910 to 1997, and then from 2009 to 2015 producing high grade

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The Coeur d'Alenes Company (Cd'A Metals), a full-line metal service center headquartered in Spokane, WA, has been acquired by Norfolk Iron & Metal (NIM) of Norfolk, NE. The acquisition complements NIM's market coverage as well as expands their product line and processing capabilities. Heritage Capital Group, a mergers & acquisition firm with offices in Jacksonville, FL and Savannah, GA acted as exclusive financial advisor to Cd'A Metals. The deal team included Bert Ten

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LIBERTY Steel Group, part of Sanjeev Gupta’s sustainable industry leader GFG Alliance, announces that it has taken over the lease for Huta Czestochowa, one of Poland’s largest steel mills. The restart of production has already taken place with the first plates having been rolled by the plant’s mill, using steel from LIBERTY Ostrava. Corween Investments (to be renamed LIBERTY Czestochowa) has taken on the plant’s lease from the plant’s Administrator unti

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PAO NOVATEK and NLMK Group signed a Memorandum on Cooperation (“MOU”) to cooperate in areas to reduce greenhouse gas emissions. According to the MOU, the Parties intend to cooperate in carbon capture, utilization and storage solutions, hydrogen production technologies and the use of hydrogen as a clean-burning fuel, as well as develop new products to be used in low-carbon technologies. “NLMK is one of the largest industrial consumers of our natural gas,&r

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Boston Metal announced it raised $50 million in Series B funding, positioning the company to accelerate industrial-scale deployments of its molten oxide electrolysis (MOE) technology towards emissions-free steel. The financing was led by Piva Capital, BHP Ventures, and Devonshire Investors, the private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Existing investors Breakthrough Energy Ventures, Prelude Ventures, OGCI Climate Investments, and The Engine

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Hitachi Metals, Ltd. (hereinafter “Hitachi Metals”) is pleased to announce that it has entered into a licensing agreement with Teikuro Inc. (hereinafter “Teikuro”) for the technical provision of Hitachi Metals’ high-performance surface treatment TribecTM in order to meet the demand for surface treatment for dies in the North American market. Surface treatments for coating film on metal surfaces are an effective technology for increasing the strength, du

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The "Metals & Mining Industry in India: Insights into Human Capital & Locations 2020" report has been added to ResearchAndMarkets.com's offering. The most comprehensive report on the Metals & Mining industry, which covers the various sub-sectors such as iron & steel and others in great detail. The workforce insights and compensation benchmarking will provide unparalleled insights across all business functions and seniority levels. The objectiv

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