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Iron ore price rise eclipses gold as China construction continues unabated

Frik Els | August 21, 2011 | 2:18 am Australia China Europe Iron Ore 

Australia's Fortescue Metals, barely four year after starting commercial mining, said on Friday its year-on-year net profit surged 76% to just over $1 billion driven by resilient demand from China. Shipments by the world's number four exporter rose only slightly...

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