BlueScope loses bid to toss out $506M claim by unsuccessful Taharoa iron sands buyer

Wed, 18 Jul 2018

By Gavin Evans July 18 (BusinessDesk) - BlueScope Steel, the Glenbrook steel mill operator, has lost a bid to end or narrow a $506 million court action taken by the unsuccessful bidder for the Taharoa iron sands mine near Kawhia. Toward Industries, owned by BlueScope, had asked the High Court to separately consider four matters related to the conditional sale agreement it entered into with New Zealand Iron Sands Holdings for the mining company,Taharoa Ironsands, in November 2016. That deal never proceeded, and the following May Taharoa...

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