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Glencore buys major stake in troubled Aussie iron ore miner

Cecilia Jamasmie | May 09, 2016 | 5:18 am Australia Europe Iron Ore 

Mining and commodities trader giant Glencore (LO:GLEN) became Monday the top shareholder of troubled Australian junior miner Atlas Iron (ASX:AGO) after grabbing 8.47% of the company. The acquisition, valued at about $15.8 million or $0.021 per share, gives Glencore direct...

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