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Rio Tinto Says $3.4 Billion Earmarked for Iron Ore Boost

February 07, 2012

Global miner Rio Tinto announced on Wednesday a $3.4 billion expansion of iron ore mining in Australia, where it has mapped out a plan to lift capacity by more than 50 percent in anticipation of growing demand from Chinese steel mills.

Source: http://www.cnbc.com/id/46303664?__source=RSS*tag*&par=RSS
 
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