RE: Tata Steel buys 19.9 pct stake in Canada minerit will be interesting to see how the ore distribution goes as NML recently signed a LOI for 10 years worth of product but it states 3 million tons per year so technically there would be about 1 million tons a year extra. I would assume TATA would need to apy for it unless some other side deal is worked out(ore in exchange for funding of a the project, etc)
New Millennium Capital Corp. has signed a letter of intent for the future sale of up to three million tonnes per year (mtpy) of DR (direct reduction) grade pellets or iron-ore lump to Al-Tuwairqi group of companies.