Canadian resources company Adriana Resources Inc. announced August 17 that the TSX Venture Exchange has approved a one-year extension of the unsecured convertible debenture dated September 10, 2008 held by ArcelorMittal in the principal amount of $6,450,000. The unsecured convertible debenture is now due September 10, 2012.
In August 2008, ArcelorMittal agreed with London Mining plc on the purchase of the whole of London Mining's Brazilian iron ore segment in the Ferrous Quadrilateral in the state of Minas Gerais. Iron ore produced is being planned for export through the new facility being planned by Adriana in Sepetiba, the state of Rio de Janeiro. |
