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fake uggs has retained RBC Capital Markets and Goldman Sachs to assist in the process, which has been ongoing for a few months, said one of the sources, adding that a deal is likely to be announced before the end of the year.
ArcelorMittal is one of Canada's top exporters of iron ore to steel markets around the world and its operations account for about 40 percent of Canada's iron ore output. It operates two large open-pit mines in the province of Quebec, where it also owns the Port-Cartier industrial complex that includes a pellet plant,fake ugg boots areas and port facilities for shipping.
ArcelorMittal Mines Canada, which traces its origins back to the Québec Cartier Mining Co, produces some 15 million tonnes of iron ore concentrate and over 9 million tonnes of iron oxide pellets annually.
The sources familiar with the situation said the stake sale process is generating a lot of interest from Asian steelmakers that are keen to lock in off-take agreements to secure their own future supplies of the raw material crucial to the steelmaking process.
ArcelorMittal had been expanding its iron ore resource base in an effort to reduce its dependence on miners like Vale SA, Rio Tinto and cheap fake ugg boots . Last year it even acquired the huge Mary River project in the Canadian Arctic.