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| 15 Mar | Kumba wrangle: a fine mess |
| The dispute between ArcelorMittal South Africa and Kumba Iron Ore is unlikely to be resolved quickly and the outcome is not as predictable as some believe, following the sharp mark down in the steelmaker’s shares on the Johannesburg Stock Exchange the other week. |
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| 10 Mar | CSN puts diversification on hold |
| Having failed to acquire a stake in Portuguese cement producer Cimpor, Benjamin Steinbruch’s CSN will now turn its attention to finalising the restructuring of its mining operations. While the steelmaker has yet to decide whether to take the mine public or sell a stake to strategic investors, its ambition remains to become the fourth largest supplier in the seaborne iron ore market over the next five years. |
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| 8 Mar | Recovery warms up M&A talk |
| With shares of many European steelmakers trading in line with their book value or below, this would seem a good time for some cash-rich companies to cast an acquisitive eye on them. Talk of M&A activity is keeping the market on it toes, especially when there is a sense of logic to the story. |
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