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Rio on track to mine 240m tonnes of iron ore; analyst downplays oversupply concerns

Andrew Topf | September 20, 2011 | 7:26 pm Top Companies Asia Australia China Europe Iron Ore 

An $85 billion expansion of the iron ore industry in Australia will not depress the price of the crucial steelmaking ingredient because the major producers will simply curtail their outputs. Martin Place Securities head of research Greg Burns told AAP...

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