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Monday, November 23rd, 2009

Posts Tagged ‘ Baosteel Group ’

Rio Secures 97% Iron-Ore Price Increase… BHP Seeks More

Jun 26th, 2008 | By Jason Simpkins | Category: Featured, Financial News

Steelmakers throughout Asia cringed earlier this week when they heard the news that Aussie mining giant Rio Tinto PLC (ADR: RTP) had secured a 97% price increase for its iron-ore.

But getting Rio out of the way was only half the battle, because now steelmakers are forced to confront BHP Billiton Ltd. (ADR: BHP) and its chief executive, Marius Kloppers, who may not be so easily placated.

Tags: Baosteel Group, BHP, Iron Ore, Jason Simpkins, PKX, RIO, RTP
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