Johannesburg - Kumba Iron Ore [JSE:KIO] and Anglo American
[JSE:AGL] have entered into an exploration deal in Liberia with private
investment company Jonah Capital, which holds several licences in the west
Kumba and Anglo American will spend $10.5m over three years
to search for the steel-making ingredient at Gbarnga and Kalasi, Jonah Capital
said in a statement on its website dated August 31.
Shares of Anglo American - which holds a 69.7% stake in
Kumba - were 1.6% higher in Johannesburg and those of Africa’s largest iron
producer had gained 0.9% at 09:21 GMT.
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