CSN sees Casa de Pedra IPO raising over $2 billion

SAO PAULO, Sept 21 Mon Sep 21, 2009 1:43pm EDT

SAO PAULO, Sept 21 (Reuters) - An initial public offering of the Casa de Pedra iron ore mine owned by Brazilian steelmaker CSN (CSNA3.SA)(SID.N) is likely to raise more than $2 billion, the company's chief executive said on Monday.

Speaking at an event in Sao Paulo, Benjamin Steinbruch said an eventual IPO of Casa de Pedra would amount to "much more" than $2 billion.

He did not specify when the IPO would take place. (Reporting by Alberto Alerigi, Writing by Todd Benson; Editing by Leslie Gevirtz)

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