News Wrap

IN THIS morning’s News Wrap: Sino Iron took $1B loss as iron ore rose; Rio Tinto coal deal raises hopes of bigger shareholder returns; and new SCEE unit wins bulk of $100M contracts.

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Sino Iron took $1B loss as iron ore rose

Citic’s Sino Iron project in Western Australia’s Pilbara lost more than US$1 billion (A$1.

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