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ArcelorMittal sells stake in SA miner

Nov 15 2012 11:37 Reuters

Company Data

ARCELORMITTAL SOUTH AFRICA LIMITED [JSE:ACL]

Last traded 38.80
Change 0.3
% Change 0.01
Cumulative volume 174950
Market cap 17.30bn

Last Updated: 23/04/2014 at 04:24. Prices are delayed by 15 minutes. Source: McGregor BFA

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Brussels - ArcelorMittal [JSE:ACL], the world's largest steelmaker, on Thursday agreed to sell its 50% stake in miner Kalagadi Manganese to the chairperson of joint venture partner Kalahari Resources.

The steelmaker will receive R3.9bn for its stake in Kalagadi.

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