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Kumba gives black investors right to buy 5%

AFRICA'S biggest iron ore producer, Kumba Resources Ltd, has chosen the Tiso Consortium as its pr...

James Hamilton

Kumba, which was spun out of Iscor Ltd last week, said it has offered the consortium of black-owned companies the option to buy the shares for 400 million rand ($38.6 million). This price represented about...

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