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12 Oct
12:04

Lion Industries targets disposal of HBI operations, again

Singapore’s Esteel Enterprise has once again entered into a conditional sales and purchase proposal agreement with Lion Industries Group’s 99%-owned subsidiary, Amsteel Mill. According to Monday's agreement, it plans to purchase the latter's 100% shareholding in Malaysia's Antara Steel Mills for $122 million, Kallanish notes. Antara operates a 900,000 tonne/year design capacity hot-briquetted iron plant in Labuan, Ea…
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