US Steel CEO confident Nippon Steel deal will close ‘on its merits’
US Steel CEO David Burritt said on Tuesday he was confident Nippon Steel’s $14.9 billion bid for his company would “close on its merits,” despite political opposition and concerns raised in a national security review.
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US decision on Nippon’s bid for US Steel pushed back until after election
The US national security panel reviewing Nippon Steel’s $14.9 billion bid for US Steel let the companies refile their application for approval of the deal, a person familiar with the matter said, delaying a decision on the politically sensitive merger until after the Nov. 5 presidential election.
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Nippon Steel bid for US Steel faces Sept. 23 review deadline
A powerful US national security panel reviewing Nippon Steel’s $14.9 billion bid for US Steel faces a Sept. 23 deadline to recommend whether the White House should block the deal, two people familiar with the matter said.
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Nippon Steel seeks to address concerns on US Steel deal
Nippon Steel told US government officials it had proposed adopting a binding national security agreement to address Biden administration concerns about its proposed $14.9 billion acquisition of US Steel, according to a letter seen by Reuters.
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Biden close to blocking Nippon Steel deal to buy US Steel
The Biden administration is close to announcing it will block Nippon Steel’s acquisition of US Steel, two sources familiar with the situation said on Wednesday, amid growing bipartisan political opposition to the $14.9 billion deal.
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US Steel warns Nippon deal failure would put thousands of jobs at risk
US Steel warned on Wednesday that a failure to merge with Nippon Steel would put thousands of US union jobs at risk and signaled that it would close some steel mills and potentially move its headquarters out of politically important Pennsylvania.
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Nippon Steel boosts M&A case with $1.3 billion spend at US mills
Nippon Steel Corp. announced $1.3 billion in investments at US mills owned by United States Steel Corp. as the Japanese company steps up efforts to win over workers and politicians for its bid to buy the Pittsburgh-based steelmaker.
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Whitehaven Coal to sell 30% Blackwater mine stake to Nippon Steel
Whitehaven Coal has struck separate deals with Japan’s Nippon Steel and JFE Steel to sell stakes of 20% and 10%, respectively, in its Blackwater coking coal mine for a total of $1.08 billion, the Australian miner said on Thursday.
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US Steel, Nippon Steel receive all non-US approvals for merger
US Steel Corp and Japan’s Nippon Steel have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, the companies said on Thursday.
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US Steel, Nippon Steel receive all non-US approvals for merger
US Steel Corp and Japan’s Nippon Steel have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, the companies said on Thursday.
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Nippon Steel sticks to plan to close US Steel deal by year-end
Japan’s top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy US Steel, which it expects to boost output and profits, the company said on Thursday, despite resistance to the transaction in the US.
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Nippon Steel emphasizes its ‘deep roots’ in the US as it pursues US Steel deal
Nippon Steel intends to pursue its proposed acquisition of US Steel and wants its “deep roots” in the United States to be recognized, its new president said – remarks that come after US President Joe Biden expressed opposition to the deal.
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Nippon Steel’s China assets raise concerns over US deal
President Joe Biden’s administration is examining Nippon Steel Corp.’s connections to China, people familiar with the matter say, a potential stumbling block for the Japanese giant’s politically contentious deal to acquire American rival United States Steel Corp.
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Nippon Steel’s China assets raise concerns over US deal
President Joe Biden’s administration is examining Nippon Steel Corp.’s connections to China, people familiar with the matter say, a potential stumbling block for the Japanese giant’s politically contentious deal to acquire American rival United States Steel Corp.
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Nippon Steel agrees to buy US Steel for $14.1 billion
Mining News Pro - Nippon Steel Corp. will buy United States Steel Corp. for $14.1 billion to create the world’s second-largest steel company — and the biggest outside of China — with a key role in supplying American manufacturers and automakers.
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Nippon Steel still interested in investing in Teck’s steelmaking coal arm
Mining News Pro - Nippon Steel remains interested in Teck Resources’ steelmaking coal assets, a spokesperson said on Tuesday, adding that talks continue despite Glencore’s latest offer for the Canadian miner’s coal business.
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Nippon Steel still in talks with Teck as it seeks stake in coal asset
Mining News Pro - Nippon Steel Corp is still in talks with Teck Resources, despite Glencore’s bid for the Canadian miner, as Japan’s top steelmaker remains eager to take a stake in Teck’s high-grade coking coal asset, a senior executive said.
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Nippon Steel to start making low-carbon ingredients for green steel
Mining News Pro -Japan's Nippon Steel Corp (5401.T) plans to start making low-carbon raw materials, such as "reduced iron" produced using hydrogen, to meet growing demand for so-called green steel, it said on Thursday.
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JX Nippon buys partner’s stake in Caserones copper mine
Mining News Pro - Japan’s top smelter, JX Nippon Mining & Metals, is buying a stake in its majority-owned Caserones copper mine in Chile, which was put up for sale on Monday by its partners in the operation Mitsui & Co and Mitsui Mining and Smelting.
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Nippon Steel braces for downside risk as coronavirus spreads
Mining News Pro - Nippon Steel, the world’s No.3 steelmaker, is bracing for a downside risk as slower manufacturing activities in China in the wake of the coronavirus outbreak may further weigh on demand in industries such as auto and machineries, its executive said.
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Japan’s Nippon Steel Join Hands with McDonald Steel to set up a Joint Venture in Bangladesh
Mining News Pro - According to the latest reports, Japan`s Nippon Steel and Sumitomo Metal and Bangladesh`s McDonald Steel Building Products Ltd have come together to set up a steel plant in Bangladesh’s Mirsarai Economic Zone in Chattogram as import substitute plant.
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AWARD: 2018 CEEC Medal win to Nippon Eirich and Karara mine circuit boost
Mining News - AUSTRALIA – An outstanding collaboration between Karara Mining and Nippon Eirich to implement grinding circuit process improvements at Karara Mine has been ...
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Karara & Nippon Eirich grinding collaboration wins CEEC medal
Mining News - An outstanding collaboration between Karara Mining Ltd and Nippon Eirich to implement grinding circuit process improvements at Karara Mine has been awarded the
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