Latest Namisa Stories

2008-09-15 06:00:29

By Tom Miles The shake-out of bidders for the Brazilian iron ore miner Namisa has left contenders with deep pockets and big appetites, sources familiar with the bidding said, signaling that the owner, CSN, may sell a majority stake. Some analysts estimate that the sale could value Namisa, the smaller of CSN's iron ore units, as high as $10 billion. But at least one analyst said that price expectations were getting out of hand. CSN has taken advantage of a hot iron ore market and has...

Word of the Day
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.