Tata Steel’s joint venture (JV) -- Tata Steel Minerals Canada -- has acquired the remaining 49 per cent stake in the Howse iron ore deposit in Canada for close to Rs 25 crore. Tata Steel Minerals Canada (TSMC) has acquired the remaining 49 per cent stake through its subsidiary Howse Minerals.
Howse Minerals holds 51 per cent stake in the Howse deposit hand bought the remaining stake for 5 million Canadian Dollar.
Tata Steel Minerals Canada is a 80:20 joint venture between Tata Steel and New Millennium Iron Corp.
