Korean fund to buy stake in Brazil mining firm

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SOUTH KOREA/JAPAN/BRAZIL - South Korea's National Pension Service and Posco, the world's third-biggest steelmaker, will buy a combined 15% stake in a Brazilian niobium producer with a group of Japanese companies.

South Korean steelmaker Posco and the nation's pension fund will buy a total 5% stake in Companhia Brasileira de Metalurgia e Mineracao for about $650m, according to Kim Seok Joo, spokesman for the...

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