Tata Steel divesting stake in South African iron ore mine for .
WEBOct 23, 2018 · Tata Steel Ltd. will divest its 64% stake in the Sedibeng iron ore mine in South Africa to Swiss trading company IMR Metallurgical Resources AG for 366 million South African rand. Proceeds from the sale, expected to close in 12 months, will include adjustments for working capital and closing cash, according to an Oct. 19 release.