In this list
Metals

UK Anglesey Mining eyes controlling stake in Sweden's Grangesberg Iron

Agriculture | Energy | Coal | Thermal Coal | Oil | Crude Oil | Refined Products | Gasoline | Metals | Steel

Market Movers Asia, Sept. 26-30: Interplay between energy security and sustainability in focus at APPEC

Metals | Steel

Platts Steel Raw Materials Monthly

Energy | Oil | Energy Transition

APPEC 2022

Metals | Energy | Electric Power | Energy Transition | Natural Gas | Shipping | Non-Ferrous | Electricity | Steel Raw Materials | Renewables | Nuclear | Steel

INTERVIEW: Metals supercycle 'intact' on energy transition demand, says ERG CEO

Metals | Non-Ferrous

Low carbon still a high priority for metals markets

UK Anglesey Mining eyes controlling stake in Sweden's Grangesberg Iron

Anglesey Mining could acquire a controlling stake in Grangesberg Iron,which is developing the ore deposit of the same name in central Sweden, aftertaking a 6% stake, the company said in a filing Thursday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

London-listed Anglesey bought the small stake for $145,000 and hasnegotiated a "12 month evaluation option to acquire 51% of the enlarged sharecapital," the company said.

With the help of Anglesey, and its initial investment, Grangesberg hasjust completed a financial and capital restructuring.

During the term of its option to buy a controlling stake, Anglesey hasmanagement and "operatorship" of Grangesberg and will choose three out of thecompany's five directors, including chairman of the board.

If it takes up its option, Anglesey will own 57% of Grangesberg, withprivate Swedish enterprise Roslagen Resources holding the 43% balance.

Anglesey also owns a stake in Labrador Iron Mines, which mines directshipping ore from the Schefferville area of Canada and ships it to China.

--Colin Richardson, colin.richardson@platts.com

--Edited by Jonathan Dart, jonathan.dart@platts.com

Similar stories appear in Steel Markets Daily See more information at http://www.platts.com/Products/steelmarketsdaily