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(Adds details on second-quarter demand, quotes) – Reuters
Posted on February 23rd, 2009 No commentsSAO PAULO, Feb 20 (Reuters) – Brazilian miner Vale ( VALE5.SA ) ( RIO.N ), the worldos;s biggest iron ore producer, is expanding its client base among Chinese steel companies, locking in long-term, benchmark supply contracts. Vale expects to ship a …
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UPDATE 2-Vale expands iron ore client base in China – Reuters
Posted on February 23rd, 2009 No commentsSAO PAULO, Feb 20 (Reuters) – Brazilian miner Vale ( VALE5.SA ) ( RIO.N ), the worldos;s biggest iron ore producer, is expanding its client base among Chinese steel companies, locking in long-term, benchmark supply contracts. Vale expects to ship a …
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Nerves start to fray on Rio Tintoapos;s board – The Australian
Posted on February 23rd, 2009 No commentsSIGNS are emerging that Rio Tintoos;s board could be starting to reassess its controversial $US19.5 billion ($30 billion) deal with Chinalco in the face of growing shareholder discontent. Rio Tinto chairman Paul Skinner. Picture: Richard Cisar-Wright …
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Vale expects to ship a record 30Mt to China in Q1 – Brazil – Business News Americas
Posted on February 23rd, 2009 No commentsVote Brazilian miner Vale (NYSE: RIO) expects record iron ore shipments to China in the first quarter, CFO Fábio Barbosa told reporters at a press conference Friday in Rio de Janeiro. We expect shipments of 50Mt in Q1 and 30Mt of this total are …
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Summary Box: Minn. lawmakers look at mining rules – Grand Forks Herald
Posted on February 23rd, 2009 No commentsNEW MINING: After over a century of mining iron ore in Minnesota, companies are now interested in mining deposits that contain metals like copper and nickel. RULES REVAMPED: Some state lawmakers want to put further restrictions on so-called …
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Brazil Stocks Slide on Vale Profit, Unemployment; Bolsa Drops – Bloomberg
Posted on February 23rd, 2009 No commentsFeb. 20 (Bloomberg) — Brazilian stocks tumbled, capping the Bovespa’s worst weekly drop in three months, after the country’s largest metals exporter reported a plunge in profits and unemployment jumped the most in seven years. Cia. Vale do Rio …
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In Brief – South China Morning Post
Posted on February 23rd, 2009 No commentsBaosteel Group Corp, rivals and traders agreed to an industry group proposal to limit the resale price margin on imported iron ore. The mills and traders will charge only a 3 per cent premium for reselling imported contract iron ore, China Iron …
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Latin America stocks plunge amid fears governmentsapos; efforts wonapos;t slow … – MSN UK News
Posted on February 23rd, 2009 No commentsSao Pauloos;s Ibovespa index plunged 2.6 percent to 38,715, as shares in Vale do Rio Doce, the worldos;s biggest iron ore producer, plunged 6.7 percent to 27.80 reals on concern the global downturn will depress construction and demand for metals. Vale …
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London Mining pushes ahead with Sawawin Iron Ore Project – Saudi Gazette
Posted on February 23rd, 2009 No commentsLONDON – Oslo listed London Mining announced positive findings from a combined feasibility study and market study into the Wadi Sawawin Iron Ore Project in Saudi Arabia, the Proactive investors website reported Friday. London Mining and joint …
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Nerves start to fray on Rioapos;s board – News.com.au
Posted on February 23rd, 2009 No commentsSIGNS are emerging that Rio Tintoos;s board could be starting to reassess its controversial $US19.5 billion ($30 billion) deal with Chinalco in the face of growing shareholder discontent. Reports from London claim independent directors have been …
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