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Is this iron ore's new normal? Rio cancels tender over lowball bids

Frik Els | January 10, 2013 | 12:18 am Africa China Iron Ore 

World number two iron ore miner Rio Tinto (ASX, LON, NYSE:RIO) is expected to cancel a tender for 64.5% ore from its Palabora mine in South Africa because bids were too low. While Platts could not get comment from Rio itself,  the...

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