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ArcelorMittal (>> ArcelorMittal) has agreed to sell its 50% stake in South African manganese explorer Kalagadi Manganese Ltd. for 3.9 billion rand ($447 million) as it continues to sell non-core assets to pay down debt.


$447 million. for 50% stake in Kalagadi Manganese Ltd. in south Africa.


I reckon the buyer has got themselves a bargain.

In my view, this part of the world is the place to be when it comes to emerging manganese producers.