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Posted AT 11:13 AM EST on 28/03/08

Steel giants clash in court over Labrador iron ore mine

Globe and Mail Update

The two global steel giants that snapped up Canada's two largest steel makers are battling in court over a soured deal involving a jointly owned iron ore mine in Labrador. ArcelorMittal Dofasco Inc. is suing U.S. Steel Canada Inc. (the former Stelco Inc.) and mining company Cleveland-Cliffs Inc. after ArcelorMittal's an agreement to buy out its two partners in the iron ore mine collapsed. The suit seeks $427-million in damages and a court order forcing U.S.

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