Analysts Smile on Namisa Sale

Oct 24, 2008

Mining analysts applaud CSN’s sale of a 40% stake in its integrated iron ore mining complex Namisa to a Japanese-led consortium. The $3.12bn deal values all of Namisa, which can produce 38m tons of iron ore, at $7.8bn. That also implies that the 40m-50m tons that will be produced at Casa de Pedra, CSN’s main iron...

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