Kumba Iron Ore proposes to give a mine it closed in September to its sole customer, ArcelorMittal SA. ArcelorMittal SA will pay a nominal R1 for Thabazimbi mine, Anglo American’s iron ore subsidiary and the South African operation of the world’s largest steel maker said in a joint statement on Thursday morning. "We will investigate the feasibility of different options to possibly restart operations at the mine in order to supplement the company’s sources of iron ore and with the potential of job creation" ArcelorMittal SA CEO Wim De Klerk said.
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