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Confidence consolidates

REPORTS that Chinese steel mills are experiencing weakened demand, likely to lead to lower iron ore prices next year, have not deterred the Pilbara giants from their multi-billion dollar expansion plans.

MiningNews.Net
Confidence consolidates

The three major producers, Rio Tinto, BHP Biliton and Fortescue Metals Group, are likely to spend $100 billion this decade on expanding mines and ports. While there are short-term signs the steel mills...

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