CSN Buys Mine

Brazilian steelmaker CSN will pay Brascan Brasil R$100 million ($37 million) in cash and stock for Ersa, a tin mine and foundry in the Amazon state of Rondônia. CSN uses 3,600 tons of tin annually to make tin-coated sheet iron, one of the company’s highest-value products and plans to increase production capacity at the mine to 3,600 tons per year and output at the foundry to 4,800 tons per year by 2009.