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Vale's borrowing costs hit record high as Brazil doubles mine royalties

Andrew Topf | September 13, 2011 | 10:17 pm Top Companies Europe Latin America Iron Ore 

The cost of borrowing for Brazil's Vale has risen to record highs relative to competitors BHP Billiton and Rio Tinto, as the Brazilian government looks to reap more in mining taxes amid surging metals prices, Bloomberg is reporting: The world’s...

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