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Arrium Mining surges after spurning billion dollar bid

Marc Howe | October 01, 2012 | 1:55 am Australia Europe Iron Ore 

Australian steelmaker and iron miner Arrium (ASX:ARI) has seen its shares surge after rejecting a $1 billion takeover bid for the company's mines and blast furnace. The consortium, comprised of Hong Kong-headquartered Noble Group (SGX:N21), Posco (KS:005490) and three Korean...

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