Delta Mining Consolidated Ltd., a company partly owned by South African investor Bernard Swanepoel, has said that Liberia will allow the company to bid for the Western Cluster iron ore deposits.
In September, Liberia cancelled the award to Delta of a $1.6 billion contract to develop the deposit and barred it from participating in a new tender, citing alleged “impropriety.” The matter “is now closed and we can move forward to a more constructive engagement,” Johannesburg-based Delta said in an e-mailed statement today.
Tata Steel Ltd., India’s biggest steelmaker, was also barred last year by Liberia from bidding for the deposit.
Delta has interests in coal and iron ore. Its biggest shareholders are Avalon Trust, based in Johannesburg, and Swanepoel, a former chief executive officer of Harmony Gold Mining Co.
Source: Bloomberg
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