Tata Steel announces equity partnership for its Canadian Iron Ore Mines

Tata Steel announces equity partnership for its Canadian Iron Ore Mines

Tata Steel Minerals Canada together with its parent companies signed Definitive Agreements for concluding investments of C$125 million as Equity and C$50 million as Debt with Government of Quebec’s investment entities, Resources Quebec (RQ) and Investment Quebec (IQ) respectively, totaling C$175 million.

Tata Steel has invested in Eastern Canada to set up mining operations across several deposits straddled across the Quebec-Newfoundland and Labrador- peninsula and multiple processing facilities including a state-of-the-art beneficiation plant. The project has consequently enabled the development of infrastructure facilities including rail, roads, telecommunications and Port that has had significant positive impact in the socio economic landscape in Quebec and Newfoundland and Labrador. Read more…

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