Mittal Iron Ore Deal Imminent

Mining Weekly reported ArcelorMittal (JSE:MIT) is seeking government approval before moving to buy an unnamed iron ore resource.

As quoted in the market news:

Once all approvals had been secured the JSE-listed group would move ahead with an exploration and development programme, for which it had budgeted. Nyembezi-Heita indicated that the work was likely to begin during the course of the year.

Click here to read the full Mining Weekly report.