Reuters: Money News: POSCO consortium buys $1.1 bln stake in ArcelorMittal operator-source

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POSCO consortium buys $1.1 bln stake in ArcelorMittal operator-source Jan 2nd 2013, 01:10 SEOUL (Reuters) - A consortium which includes South Korean steelmaker POSCO has agreed to buy a 15 percent stake in a Canadian iron ore mine operator controlled by ArcelorMittal for $1.1 billion, a source familiar with the deal said on Wednesday.

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