Archive for August 9th, 2009

The Iron Ore War – US-FOREX.US

Sunday, August 9th, 2009

HONG KONG – China’s skirmish with Rio Tinto has escalated into an all-out war.First, the Anglo-Australian mining giant ruffled China’s feathers in June by scrapping a tie-up with China’s Chinalco. The Chinese miner was to pay 19.5 billion to buy Rio’s iron ore, copper and other assets, along with convertible bonds. Instead, Rio infuriated China… »

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