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Australian iron ore company receives US$17.2 million letter of credit from Hyundai

Michael Allan McCrae | December 28, 2012 | 1:05 am Australia Iron Ore 

Hyundai Steel Company issued a US$17.2 million (C$17.1 million) letter of credit to Australian iron ore company Pluton Resources (ASX:PLV) against the purchase of four shipments commencing in August 2013. Managing Director Tony Schoer lauded the deal in a news...

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