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Mitsubishi buys out partner in Australia iron ore project

CNBC | November 23, 2011 | 11:16 pm Australia Europe Iron Ore 

Japan's Mitsubishi Corp has agreed to buy its partner Murchison Metals' stakes in an iron ore development and a port and rail project in Western Australia for A$325 million ($315 million), rescuing the two projects delayed by escalating costs. Murchison...

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