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ArcelorMittal approved for Coal of Africa deal

INDIA's ArcelorMittal has received the go-ahead to increase its stake beyond 15% in Coal of Africa from Australia's Foreign Investment Review Board.

MiningNews.Net

Mittal, the world's biggest steel maker, will hold about 17.8% in the Perth-based and Australian, Johannesburg and AIM-listed Coal of Africa. The deal will raise an additional £15.1 million for Coal...

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