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ArcelorMittal, SA near funding deal
Mint Bangalore
|March 20, 2025
South Africa is nearing a deal to provide funding to ArcelorMittal SA's local unit and ensure its steel mills, which are crucial for the nation's economy, remain open, people with knowledge of the matter said.
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The government plans initial support of about 500 million rand ($28 million) specifically to pay steelworkers over a period of six to eight months, said the people, who asked not to be identified because the inform
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