Severstal to pay $115m for full control of Putu Iron Ore project in Liberia

Dec 12, 2011 | 07:32 AM |

Liberia’s Putu iron ore project is to be wholly owned by Severstal affiliate Lybica Resources after it agreed to buy Affero mining’s 38.5% stake in the venture for $115m.

Lybica, which currently holds a 61.5% interest in Putu will pay $65 million by February 28. ....

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