Kobe Steel Ltd. will buy more stakes in mines to increase the amount of iron ore coming from its own properties to 20 percent within 10 years, Nikkei English News said, without saying where it got the information.

Kobe Steel imports about 12 million tons of iron ore a year, with about 8 percent coming from its interest in mines including Brazil’s Nacional Minerios SA, Nikkei said. The steelmaker intends to bid for rights to mines in Brazil and other countries, Nikkei reported.

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