Corus

Adams resigns as Corus chief

Adams resigns as Corus chief

The combative chief executive of Corus, Mr. Kirby Adams had announced his resignation from the company due to some personal reasons .He is returning back to Australia where he used to work earlier.

His move was initiated due to month long tension of the closure and potential sale of the UK steelmaker’s Tees side plant.

In March 2009 Adams took over the charge of the chief executive of Corus owned by Tata Steel of India.Mr.Kirby Adams was entrusted with the responsibility of restructuring and restoring profitability of one of the UK’s largest industrial groups.

Tata Steel expects to acquire mines for Corus

Tata SteelTata Steel is scouting for coking coal and iron ore mines overseas, including in Brazil and Australia, to assure raw material security for its European procedures.

The company announced that they are actively pursuing raw material interests in coking coal and iron ore either in terms of virgin sites with important resource potential or in terms of smaller existing ventures which can be rapidly adjusted to the demands in Europe.