BlueScope sells Taharoa ironsands business to Taharoa Mining Investments

BlueScope signed an agreement to sell all its shares in its Taharoa export ironsands business to Taharoa Mining Investments Ltd, a subsidiary of Taharoa C Block Incorporation. BlueScope will make a cash contribution of about $51 million and TMIL will assume all liabilities including $76.5 million in finance lease liabilities.

“BlueScope's sale of the Taharoa export ironsands business simplifies the company's portfolio and is consistent with the implementation of its strategy to focus on growing premium branded steel businesses.”nzherald.co.nz

• 1 source
• nzherald.co.nzBlueScope sells Taharoa ironsands to Maori incorporation - NZ HeraldJamie GrayApr 3, 2017

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