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Monday, March 19, 2012

FMG sees iron ore at USD 120 to USD 150 per tonne near term

Monday, 19 Mar 2012

Fortescue Metals Group chief executive Mr Nev Power sees iron ore prices holding between USD 120 and USD 150 per tonne in the near term, on Thursday after the company raised USD 2 billion to help fund a tripling in its iron ore capacity.

Source - Reuters

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