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Snubbed by China, Vale diverts $100 million worth of iron ore cargoes to Philippines

Andrew Topf | January 29, 2012 | 10:18 pm Asia China Europe Iron Ore 

Vale SA is diverting iron ore shipments to the Philippines as a way of shipping its product to China, as the Asian economic powerhouse continues to resist super-sized vessels destined for Chinese ports. Reuters reports that two of the world's largest...

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