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Kayrgel may sell metals unit to Makwari
Cargill is studying the sale of its subsidiary in the metals unit to Macquarie Group, aiming to focus on its core operations in the food and agriculture sectors. The unit, based in Singapore, handles approximately 70 million tons of iron ore exports annually and employs around 130 staff. This move comes amidst declining demand for iron ore due to the weak market in China and government buyer influences. The details of the deal have not yet been confirmed.
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