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AFP
Stackers and reclaimers moving iron ore to rail cars.
Australia's Cape Lambert Resources has accepted South African miner Exxaro Resources' offer for its remaining 5.26 percent stake in African Iron.
Exxaro has made a bid worth up to A$338 million ($361 million) for African Iron, targeting the Australian-listed company's Mayoko iron ore project in the Republic of Congo.
Cape Lambert initially committed to sell a 19.99 percent to Exxaro.
Exxaro has agreed to pay $0.57 a share if it wins acceptances on 75 percent of African Iron's shares. - Reuters
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