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February 28, 2006
Major BEE coal-mining company announced
African Rainbow Minerals (ARM) and Xstrata announced on Tuesday that agreement has been reached to establish a major black-controlled coal-mining company in a transaction valued at R2,4-billion...
They said the new company, ARM Coal, will have significant operating assets and growth projects in South Africa and substantial participation in the export and domestic thermal coal markets.
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Posted by bernievn at February 28, 2006 1:43 PM