New Millennium Capital Announces Agreement with Tata Steel to Develop Major Iron Ore Deposits in Eastern Canada
Acted for New Millennium Capital in deal expected to have capital cost in excess of $5 billion.
Matter Value: CAD 5,000,000,000
Sunday, 6 March 2011
On March 6, 2011, New Millennium Capital Corp. (TSX V:NML) announced it has signed a binding heads of agreement with Tata Steel Global Minerals Holdings Pte Ltd to develop the LabMag and KéMag iron ore deposits, known collectively as the Taconite Project. The remainder of the Millennium Iron Range will be retained by New Millennium Capital .