BHP sees rising uncertainty for miners on trade as Trump returns
Mining companies across the globe have been spooked by Trump’s plans to slap tariffs.
Brazilian steelmaker CSN said on Wednesday that it has reached a non-binding agreement to sell a stake of up to 11% in its mining unit CSN Mineracao to Japan’s Itochu Corp.
The company said in a securities filing that its board of directors has approved Itochu’s non-binding offer, but that the conclusion of a potential transaction still depends on additional corporate and antitrust green light.
(By Alberto Alerigi Jr.; Editing by Gabriel Araujo)
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