ArcelorMittal in Discussions to Buy BHP Billiton Iron-ore Stake and General Motors is Now Worst Big Automaker to Deal With

ArcelorMittal (NYSE: MT) is in  "deep, deep discussions" with BHP Billiton Ltd.  to acquire the Australian mining company's stake in a major Guinean iron-ore deposit according to sources. The  Wall Street Journal reported that the potential deal could be worth as much as $500 million, and would bring an end to BHP's months long attempt to find a buyer for its 41.3% stake in Mount Nimba, a rich deposit located close the Liberian border. ArcelorMittal, Société Anonyme, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates in six