Choose from options: Determine if the sentence is true based on the text below:
Iscor is farming business

Iscor, the South African iron and steel manufacturer, has announced plans to develop a steel mini-mill at Saldanha Bay on the country's west coast in partnership with the state-run industrial development Corporation.
Choices:
 (1). Yes.
 (2). It's impossible to say.
 (3). No.