# 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.

- Type: Acquisition
- Announced: 2017-04-03
- Where: Taharoa, New Zealand
- Value: $35.0M (51.0M NZD)
- Status: announced
- Products: ironsands
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [BlueScope](https://endata.com/companies/23313.md)
- [Taharoa Mining Investments Ltd](https://endata.com/companies/23314.md) (acquirer)
- [Taharoa C Block Incorporation](https://endata.com/companies/23315.md) (partner)

## Sources

- [nzherald.co.nz](https://www.nzherald.co.nz/business/bluescope-sells-taharoa-ironsands-to-maori-incorporation/VHB2RIP42DKZB53VXFU6APUK4Q/), 2017-04-03: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.