ArcelorMittal sells stake in South African miner

BRUSSELS Thu Nov 15, 2012 4:15am EST

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BRUSSELS (Reuters) - ArcelorMittal (ISPA.AS), the world's largest steelmaker, on Thursday agreed to sell its 50 percent stake in South African miner Kalagadi Manganese to the chairwoman of joint venture partner Kalahari Resources.

The steelmaker will receive 3.9 billion rand ($438.20 million) for its stake in Kalagadi.

(Brussels newsroom)