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Bloomberg reported that Glencore International Plc has purchased a stake in Brazil iron ore miner, Ferrous Resources Ltd., to bolster its position in the market for iron ore.
Bloomberg reported that Glencore International Plc has purchased a stake in Brazil iron ore miner, Ferrous Resources Ltd., to bolster its position in the market for iron ore.
As quoted in the market news:
Glencore negotiated directly with investors in closely held Ferrous, the Belo Horizonte-based company said today in a statement, confirming an earlier report by Bloomberg News. It didn’t give the size of the stake bought by the largest publicly traded commodities supplier.
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