Coal of Africa, ArcelorMittal in $130 million deal for 2.5 million mt/year

摘要

Global steel giant ArcelorMittal has signed an agreement with Coal of Africa which will see it take a 16% stake worth ￡66.7 million ($132 million) in the South African junior in return for an initial 2.5 million mt/year coking coal off-take arrangement. ArcelorMittal also has an option to increase its coal off-take to 5 million mt/year.