Wednesday, June 20, 2007

Kobe, Cleveland-Cliff in joint iron ore project

(Reuters) - Last November, Kobe, Cleveland-Cliff, Steel Dynamics Inc.
and another partner suspended efforts to jointly
develop a reduced iron plant, to convert taconite into nearly
pure iron in nugget form, using Kobe's technology called ITmk3.




The parties were unable to reach economic and commercial
terms for the project, including completion of non-recourse
financing.


Read more at Reuters.com Mergers News

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