Peter,
back in 2015 it was written..
"Aperam may be best placed to draw synergies from merging VDM with its own operations and keep ties with Thyssen."
Lindsay Goldberg , an American private equity firm, ended up getting VDM but..now VDM is back up for sale...
and Arcelor's 41% owned Aperam...who was stated to be best placed to draw synergies from VDM with its own operations and keep ties with Thyseen...
And this article recently posted...
https://www.northernontariobusiness.com/regional-news/sudbury/thyssen-mining-sets-up-shop-in-sudbury-826531
Thyssen Mining sets up shop in Sudbury
Global mining giant optimistic about development in Ring of Fire
Peter, I agree with all you wrote above in your post.
Consolidation of companies prior to some sort of an agreement between Noront and KWG.
Going back approx 4 years ago ... I remember reading this..(it's not the best translation but Thyssenkrupp was interested in the ROF..a long time ago..)
Discussions with ThyssenKrupp: German steel giant before entry?
No one less than the German steel and technology group ThyssenKrupp is currently seriously interested in projects in the Ring of Fire and has sat several times with KWG at the negotiating table![]()
to have. Enprechende meetings were confirmed to us by company side, to the details one wants - understandably - yet nothing betrayed. We assume that ThyssenKrupp and possibly other industry heavyweights such as Glencore can not afford to just watch in a new steel industry like the Ring of Fire. If the Cliff's "problem" is off the table, enticing transactions should not be long in coming. It is conceivable, for example, that a major corporation such as ThyssenKrupp will take the place of Cliffs in a timely manner and launch KWG's mammoth projects into production. In addition to its mining rights, KWG also has a highly effective, patented technology for the direct conversion of chrome ore into iron and chrome metals using natural gas - certainly very interesting for someone like ThyssenKrupp! The also in ![]()
Germany traded via Frankfurt and Tradegate KWG share reached a year high at 9.5 cents in the Canadian home market in the spring, currently quoted at 5.5 cents but significantly lower. Good for new investors: Looking at the exciting next few weeks, a recent entry after the recent consolidation seems perfect!
