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Tata Steel’s TS Global Mineral divest stake in Black Ginger

Mining News - Published on Wed, 20 Feb 2019

Image Source: The Pioneer
Tata Steel announced that with reference to our earlier disclosure dated October 19, 2018 with respect to TS Global Minerals Holdings Re Ltd, an indirect wholly owned subsidiary of Tata Steel Limited, entering into an agreement with IMR Asia Holding Re Ltd to divest its entire stake in Black Ginger (100%), which hold 64% stake in Sedibeng Iron Ore Pty Ltd, which is the operating company, TS Global Minerals Holding Pte Ltd has concluded the divestment of its entire stake in Black Ginger.

Black Ginger has stake in an iron ore mine in South Africa. TS Global Minerals Holding Pte Ltd, an indirect wholly owned subsidiary of Tata Steel, had entered into a pact with IMR Asia Holding Pte Ltd to divest its entire stake in Black Ginger.

Source :

Posted By : Rabi Wangkhem on Wed, 20 Feb 2019
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