11/01/2012 - 08:40

African Iron surges on $388m takeover

11/01/2012 - 08:40

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South African mining company Exxaro is set to buy African Iron, an Australian-listed company with iron ore operations in the Republic of Congo, for about $388 million. The news boosted African Iron shares and is set to deliver a big return to Tony Sage's Cape Lambert Resources.

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