Tata Steel joins hand with Quebec government for its Canadian iron ore mines
It said in release,"Tata Steel Minerals Canada together with parent have signed definitive agreement of C$ 125 million as equity and C$ 50 million as debt with Government of Quebec's investment entities namely - Resources Quebec (RQ) and Investment Quebec (IQ) respectively, totaling to C$ 175 million."
This investment will result as 18% equity stake for resources Quebec in Tata Steel Minerals Canada. Photo: Reuters