Cleary Gottlieb Steen & Hamilton and Travers Smith are among the firms advising on ArcelorMittal’s acquisition of an iron ore mine in Brazil and a share in the port through which the company can export the ore, writes The American Lawyer.
Arcelor, the Luxembourg-based steel maker, announced on Wednesday (20 August) that it was purchasing London Mining South America Limited from UK-based London Mining and an 80% share in a port in the city of Mangaratiba from Adriana Resources, a Canadian mining company.
