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Monday, November 28, 2011

Iron ore price negotiations - Move to short term pricing continues

Monday, 28 Nov 2011

World No 2 iron ore miner Rio Tinto's customers are increasingly pushing for shorter term pricing of iron ore in what has been a volatile market, its iron ore chief said on Monday.

The company said it is on track to produce 240 million tonnes a year of iron ore for calendar 2011.

(Sourced fro Reuters)

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