22
Oct
09:41
Ahmsa mulls mining unit bankruptcy under US law
Altos Hornos de México says it is considering declaring its Minera del Norte subsidiary bankrupt in the US. This follows the cancellation of thermal coal supplies to Mexican state-owned electricity company Comisión Federal de Electricidad (CFE), Kallanish notes.
In a stock exchange statement, Ahmsa explains it is evaluating the possibility of Minera del Norte initiating proceedings under Chapter 11 of the US Bankruptcy Law, which allows companies wit…
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Very good overview of the weekly steel market.
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