Ferrous Resources plans to list at London Stock Exchange
Publicado em: 17/05/2010 10:10:00
Brazilian miner Ferrous Resources is planning to list at the London Stock Exchange to raise up to US$ 400 million, which will be used to develop its iron ore deposits. “Our goal is to become one of world’s leading iron ore producers”, chief executive Gordon Toll said this morning. The share sale will both take current shares that will be sold by the current holders and shares yet to be issued.
Ferrous aims to produce 25 million tonnes of iron ore per annum until 2013 and 65 million tonnes in 2016, from five deposits in the state of Minas Gerais and a mine in the state of Bahia, that host a combined 4.5 billion tonnes.