Mittal Steel has signed a €1 billion ($1.09 billion) deal with Mahan Industries and Mines Development Company, a subsidiary of Iran's Tourism Financial Group, to produce iron in southern Iran, according to a report.
Cement maker Lafarge and miner Anglo American have agreed to sell British assets for up to £285 million ($452 million) to Indian steel tycoon Lakshmi Mittal, thus clearing the way for a building materials joint venture in the country.
Britain's wealthiest people saw their fortunes rise to record levels last year, according to the annual Sunday Times Rich List, at a time when most Britons' earnings and savings were squeezed by inflation and low interest rates.
Standard Chartered expects to post a 30 per cent year-on-year growth in its commodity trading revenue in 2011 on strong demand from its clients in Asia, Africa and the Middle East, a senior company official said on Thursday.
The bank is al
Steel magnate Lakshmi Mittal's family members have once again topped the list of Britain's wealthiest people with a fortune of £17.5 billion ($28.6 billion), according to Sunday Times newspaper.
The newspaper is set to release in its
The world's largest steelmaker, ArcelorMittal, said on Thursday it is looking to invest up to $10 billion in Indonesia as it taps into the country's steel and mining sector.
As part of its investment plans for Southeast Asia's top economy,