ArcelorMittal (MT) agrees to sell its 50% stake in South African manganese explorer Kalagadi...

|About: ArcelorMittal (MT)|By:, SA News Editor

ArcelorMittal (MT) agrees to sell its 50% stake in South African manganese explorer Kalagadi Manganese for 3.9B rand ($447M) as it continues to sell non-core assets to pay down debt. The three farms on which Kalagadi holds mining rights are believed to contain 960M metric tons of manganese ore.