British metals group Liberty House is bidding to buy U.S.-based Mesabi Metallics Co LLC and ESML Holding Inc, as it seeks to boost its presence in North America.
The bid is being made by GFG Alliance, a group that includes Liberty House and resources and energy firm SIMEC Group, GFG Alliance said on Tuesday.
The assets being bid for include a 7 million tonnes-a-year iron ore pellet plant in Nashwauk, Minnesota that has the potential to produce up to 14 million tonnes a year, GFG Alliance said.
London-based Liberty said last week it agreed to buy the Georgetown Steelworks plant from Arcelor Mittal (ISPA.AS) in its first major U.S. acquisition.
Source: Reuters.com