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China Metallurgical to Build South African Mine Facilities, Dow Jones Says

By Bloomberg News -

China Metallurgical Group Corp. signed an agreement with Kermas Mining Fund LP to build facilities for a ferrotitanium mine in northeastern South Africa, Dow Jones Newswires reported, citing Xu Yongjie, vice president of MCC International Inc., a unit of the group.

The subsidiary, the main contractor for the construction, is in talks on a possible stake in the mine, Dow Jones reported, citing Xu.

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