Caemi owners criticise Mitsui, CVRD for shirking deadline

SHAREHOLDERS of the world's fourth largest iron ore produce, Brazil's Caemi, have accused Mitsui and CVRD of backing away from deadlines to pay US$332 million for a controlling stake in the company.

Mitsui originally agreed to pay for the 60% of Caemi's voting stock it does not already own by May 20, but has asked for an extension of 180 days.