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What Rio is trying to articulate is that it s delivering on its promises it has a very solid business and it s leveraged to the iron ore price said Peter

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In addition it remains to be seen whether the current iron ore production cost in China of $US70 per tonne be driven low enough to compete with the $30 to $60 cost

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Iron Ore News Metal Prices

NEWS 24 Jul 09 15 DJ Metal Prices Fall to Multiyear Lows HONG KONG Prices of major traded metals tumbled to multi year lows Friday as weak Chinese manufacturing