Good prediction Tin Man IMHO...

One would expect that Clarke will walk away with Algoma as well with the previous backing of the union. All has been very quiet on this front as per court restrictions.

http://www.saultstar.com/2017/04/12/union-to-help-entity-advance-bid-for-essar

Gupta and Liberty house would make a good partner here as well for Clarke (whose background in healthcare) with their large vision and experience....I expect all parties involved would be happy and the supply of chromite for the next century ot two would be unlimited when the leash is taken off the beast.

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http://www.libertyhousegroup.com/company/management/sanjeev-gupta/

Sanjeev Gupta

Executive Chairman, liberty house group

His growing reputation as an industrialist was further boosted by his bold decision to rescue and revive major steel, engineering and power generation operations right across the UK from 2013 onwards. Through a strategy that defied the perceptions of steel and engineering as dying industries, he acquired and successfully relaunched over 20 businesses, saving 2,000 jobs. He gained particular prominence as an industry leader with his bid to take over Tata Steel’s entire UK business, which was put up for sale in March 2016.

http://www.libertyhousegroup.com/products-services/steel/

Steel Products

Besides trading a range of raw materials that are incorporated in the process of steel making, Liberty also manufactures and/or distributes the following steel products:

• Hot rolled steel coils
• Steel long products
• Rebars/debars
• Precision steel tubes - ERW tubes and cold drawn steel tubes
• Cold drawn precision strip
• Steel wire
• Conduit and fittings
• Tube fittings
• Structural hollow sections
• Spirally welded tube
• Stainless steel tube
• Boiler and pressure tube
• Carbon hollow bar
• Gas list tube
• Hollow bored bar
• Merchant bar
• and others.

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His vision is far reaching....

http://www.newindianexpress.com/business/2017/apr/26/steel-tycoon-sanjeev-gupta-on-us-acquisition-spree-1598031.html

We see this as a time of renewed opportunity for growth of American industry, and we have the breadth and depth of skill and experience to capitalise on that opportunity,” said Gupta, executive chairman of GFG Alliance. He said the bid to acquire Mesabi Metallics fits with the GFG strategy to develop end-to-end integrated and sustainable businesses in North America, encompassing mining and energy production through to recycling, steel making and engineering, underpinned by the group's financial services operation

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The sharks are circling Algoma.....may the best predator win and ignite the ring.