Xstrata Alloys sells stake to black S.African group

January 12, 2007

Xstrata Alloys said it has agreed to sell a 26 percent stake in its Rhovan vanadium business in South Africa to a black community for 575 million rand...

The Bakwena Ba Mogopa traditional community is the surface owner of the property on which the facility is located, Xstrata Alloys, a unit of Swiss-based Xstrata said in a statement on its Web site on Tuesday.

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