GLOBALES: Liberty House bids to buy iron ore assets in Minnesota - EntornoInteligente

Entornointeligente.com / Reuters / 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.

(Reporting by Ahmed Farhatha in Bengaluru; Editing by Sai Sachin Ravikumar)

GLOBALES: Liberty House bids to buy iron ore assets in Minnesota

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