ArcelorMittal Sued Over Failed Power Plant Project
The South Africa-based steel company, a unit of the world’s largest steelmaker, ArcelorMittal SA, said there was “no clear legal basis” for EcoElectrica’s claim for damages following the cancellation of the joint project, Dow Jones Newswires reported Tuesday.
The 1.2 billion rand ($152 million) project would have created a 120-megawatt co-generation power...
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