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皇冠体育app leads record iron ore spending

皇冠体育app Daily | Updated: 2009-11-26 07:58

皇冠体育app leads record iron ore spending

Chinese steelmakers are developing projects to mine lower-grade ore, shunned by Rio and BHP. Bloomberg News

MELBOURNE: CITIC Pacific Ltd, an arm of 皇冠体育app's biggest State-owned investment company, is leading record spending on low-grade iron ore mines in Australia to profit from surging demand as well as to diversify supply.

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