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Kumba, Assmang cooperation falls apart

THE anticipated expansion and consolidation of South Africa’s Northern Cape iron ore resources have been dealt a blow after Kumba Resources and Assmang abandoned plans to work together.

Greg Tubby
Kumba, Assmang cooperation falls apart

The two companies had announced in August they were evaluating and investigating each other’s iron ore deposits, which they said could result in negotiations to possibly exchange assets. However, Kumba...

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