Glencore buys stake in Brazilian iron ore firm Ferrous Resources

Feb 27, 2013 | 02:32 PM |

Tags  Glencore, Ferrous Resources, Brazil, iron ore offtake

SÃO PAULO — International commodities trader and miner Glencore International Plc has acquired a stake in Ferrous Resources do Brasil, the Brazilian iron ore producer said.

Switzerland-based Glencore has purchased shares from minority shareholders, but the overall size of the trader’s stake was not disclosed, the company confirmed to AMM sister publication Steel First on Feb. 27.....

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