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South African court rules $89 million stake in iron ore mine wrongly awarded

Andrew Topf | December 15, 2011 | 9:52 pm Africa Europe Iron Ore 

A South African court has ruled that the Department of Mineral Resources wrongly awarded prospecting rights to the Sishen iron ore mine to Imperial Crown Trading 289 (ICT). The decision is a victory for South Africa's Kumba Iron Ore, which...

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