Glencore nears $500 mln deal to buy iron ore from Brazil’s CSN – sources

LONDON, Jan 31 (Reuters) – Global trader Glencore is close to finalising a deal to make a $500 million payment to the mining arm of Brazil’s Companhia Siderurgica Nacional (CSN) for iron ore cargoes to be delivered over five years, sources familiar with the matter said.

One source said Glencore would sign the deal no later than the first quarter.

By Julia Payne and Maytaal Angel via Reuters

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