ArcelorMittal South Africa to buy coking coal mines in Mozambique
ArcelorMittal South Africa has started talks with mining groups Vale and Rio Tinto to buy coking coal mined in Mozambique, an official from the South African steel making company said cited by financial news agency Reuters.
Global steel player ArcelorMittal said on Wednesday that it will acquire Brazilian iron ore miner London Mining South America for $810 million.