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Commonwealth Steel Limited, d.b.a. MolyCop, based in Sydney, makes grinding media, mining chemicals and rail consumables.
Founded in 1917 and based in Sydney, Australia, Commonwealth Steel Limited, d.b.a. MolyCop, manufactures and supplies grinding media, mining chemicals and rail consumables, mainly to mining companies. In September 2025, Tega Industries Ltd. and Apollo Global Management agreed to acquire the company from American Industrial Partners for USD 248 million plus a further USD 120 million contingent payment, with closing expected by December 31, 2025. Tega will hold 77% and Apollo 23%, valuing the company at about USD 1.5 billion. Jim Anderson is CEO as of March 2026.
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