CAPITAL MARKETS

Kumba thinks outside the Sphere

SPHERE Investments reports that Kumba Resources won't be exercising an option to acquire an interest in the Guelb el Aouj iron ore project in the West African country of Mauritania.

Michael Quinn
Kumba thinks outside the Sphere

The option was granted last month, and Sphere managing director Alexander Burns conceded the company had been surprised by Kumba's decision. A release to the Australian Stock Exchange said Kumba has...

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