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Exxaro yet to reach 50pc of African Iron

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South African miner Exxaro Resources is 27 per cent shy of reaching the minimum acceptance level in its $338 million takeover bid for Perth-based iron ore explorer African Iron , with one week left to go.

Exxaro currently has a stake in Republic of Congo-focused African Iron of 22.93 per cent.

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    Original URL: https://www.afr.com/companies/financial-services/exxaro-yet-to-reach-50pc-of-african-iron-20120207-i3ny7