# Ansteel to acquire Gindalbie Metals in $25M deal

Chinese steelmaker Ansteel will acquire the remaining 64.11% of Gindalbie Metals it does not already own for about $25 million, gaining full control of the Karara magnetite iron ore project in Western Australia.

- Type: Acquisition
- Announced: 2019-03-12
- Where: Western Australia, Australia
- Value: $25.0M
- Status: announced
- Products: magnetite iron ore
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Ansteel](https://endata.com/companies/32720.md) (acquirer)
- [Gindalbie Metals](https://endata.com/companies/37950.md) (target)

## Sources

- [australianmining.com.au](https://www.australianmining.com.au/ansteel-to-acquire-gindalbie-metals-in-25m-deal/), 2019-03-12: "Gindalbie Metals will be purchased by Chinese producer Ansteel in a deal worth around $25 million after demerging its subsidiary Coda Minerals to the shareholders."

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