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Investment company Astoria will acquire a stake in a company with interests in marine and offshore mining and exploration shortly after selling its stake in open-pit mining group Afrimat.

The Mauritius-based company said on Thursday it would spend $5.5m (R90.7m) for a 25.1% stake in International Mining and Dredging Holdings (IMDH SA) by the end of August, subject to regulatory approval...

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