NEW DELHI, Apr 3: Tata Steel Minerals Canada Ltd (TSMC) today said its subsidiary Howse Minerals Ltd (HML) has acquired the remaining 49 per cent stake in the Howse iron ore for five million Canadian dollar. ”TSMC through its subsidiary HML acquired the remaining 49 per cent stake in the Howse iron ore deposit by exercising its rights under the terms of the joint venture entered in September 2013 with Labrador Iron Mine Holdings Ltd (LIM) for the exploration and development of the Howse iron ore deposit in Schefferville region of the Labrador trough in Canada,” company said in a statement. The Howse deposit has a historical resource of 28 million tonnes at a grade of 58 per cent iron, it said. TSMC is 80 per cent owned by Tata Steel Ltd and 20 per cent by New Millennium Iron Corporation. (UNI)
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