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Anglo takes stakes in Kumba, Avmin

LONDON-listed resources giant Anglo American has added iron ore to its swag of commodities, spending US$347 million on substantial stakes in South African miners Kumba Resources and Anglovaal Mining.

Greg Tubby
Anglo takes stakes in Kumba, Avmin

Anglo, the world's second-largest diversified mining company, has major diamond, platinum, gold and coal interests but has lacked meaningful iron ore interests. The latest deals give it exposure to about...

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