Afferro Raises $115M In Iron Ore Deal With Severstal
Through its Mano River Iron Ore Holdings Ltd. unit, Vancouver, British Columbia-based Afferro sold its 38.5 percent interest in the Putu iron ore project to Lybica Holdings BV, a unit of Moscow-based Severstal, the companies said. Severstal will own 100 percent of the project upon completion of the deal.
“We are pleased...
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