Essar may join race for CSN`s ore mines

After Tata Steel, Essar Steel is likely to join the race for Brazilian miner and steelmaker CSN's Nacionale Minerios (Namisa), a fully integrated iron ore company, Sources close to the development said Goldman Sachs has approached Essar with the acquisition proposal and the company was considering it. Goldman Sachs, which advised CSN during the takeover battle for Anglo-Dutch steel company Corus with Tata Steel last year, has been retained as its financial advisor for Namisa.