Sesa Goa, a subsidiary of Vedanta Resources, on Saturday said it will buy 51% stake in an iron ore making firm in Liberia for $90 million in an all-cash deal.
“We are highly delighted with this opportunity to consolidate our iron ore business.
Elenilto has more than 100 exploration and mining licences with over 10,000 sq km area in Africa and Europe.
Sesa Goa to buy 51% stake in Western Cluster for $90 mn – livemint.com.