01
Nov
10:50
Tata Steel to divest South Africa iron ore mine
Tata Steel has agreed to divest to IMR Asia Holding its entire stake in Black Ginger 461, which owns a 64% shareholding in South Africa-based Sedibeng Iron Ore. The ZAR 366 million ($24.9m) divestment is expected to be completed in October 2019.
IMR Asia Holding is a subsidiary of Swiss-headquartered steelmaking raw materials supplier IMR Metallurgical Resources.
Sedibeng’s operations are located in Postmasburg, Klipfontein. The firm’s other share…
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