Price hikes push Rio, Portman

SHARES in global mining house Rio Tinto soared to a year high after it secured a 71.5% increase in iron ore prices from Japanese steel giant Nippon Steel, on the back of CVRD last night securing similar prices.

Price hikes push Rio, Portman Price hikes push Rio, Portman Price hikes push Rio, Portman Price hikes push Rio, Portman Price hikes push Rio, Portman

Prices of lump and fine ore from the Hamersley project, and ore from the Yandi project, all recorded increases of 71.5%, up to US78.77c per dry metric tonne, US61.72/t and US58.02/t respectively.

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