SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Tata Steel starts feasibility study on Canadian ore mines

07 Aug 2012 Evaluate

Tata Steel has started the feasibility study on two Canadian iron ore mines, with estimated 5.6 billion tonne reserves, as it aims to buy stakes to feed its European operations. It has inked pact with Canadian firm New Millennium Capital Corporation (NML) for conducting the study, a very preliminary step to assess the potential of the mines. The result of the feasibility study with regards to LabMag and Kemag projects will come by the end of this year or early 2013.

Both the companies are likely to enter into a binding joint venture agreement upon the successful completion of the feasibility study and Tata Steel electing to develop one or both of the deposits. As per the agreement, Tata Steel and NML will hold 80% and 20% stake, respectively, in the proposed joint venture.

Tata Steel Share Price

212.85 0.80 (0.38%)
22-Apr-2026 11:01 View Price Chart
Peers
Company Name CMP
Tata Steel 212.85
JSW Steel 1270.45
SAIL 178.00
Jindal Stainless 786.40
APL Apollo Tubes 2123.75
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×