Resource News
Keangnam Sells Madagascar Nickel Mine Stake for 35.1 Billion Won
By resourceINTEL · March 11, 2010 · 12:09 am · Leave a Comment
March 10 (Bloomberg) — Keangnam Enterprises Ltd., a South Korean builder, agreed to sell stake in a Madagascar nickel mine to state-run Korea Resources Corp. for 35.1 billion won ($31 million).
Keangnam’s stake in the Ambatovy project will fall to 1.25 percent from 2.75 percent after the sale, according to a regulatory filing today…read more at the Bloomberg
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