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Formosa Plastics in $1 billion Australian iron ore deal: Fortescue

Formosa Plastics in billion Australian iron ore deal: Fortescue
SYDNEY (Reuters) – Taiwan's Formosa Plastics Group has agreed to invest $ 1.15 billion as part of a deal to buy nearly a third of a new iron ore project in Australia from partners Fortescue Metals Group (FMG.AX) and China's Baoshan Iron & Steel …
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Iron ore boom vs. Rudd's doom
Ever since returning as PM on June 26, the price of iron ore — Australia's biggest export by a big margin — has not looked back as Chinese steelmakers frantically restock on the expectation that while there is a slowdown in the country's …
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Tianjin port workers wary about ore demand
The Tianjin spot iron ore price is becoming a prominent price indicator on the market selling Australia's biggest export earner. Analysts estimate the Tianjin spot price averaged about $ US125 a tonne in the second quarter of this year, down about 15 …
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