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Vale Looking to Push Into West Australia’s Yilgarn Iron Ore Region
Feb. 23, 2012 04:19PM PST
Base Metals Investing SMH reported West Australia would welcome Vale’s (NYSE:VALE) anticipated move into the Yilgarn iron ore region.
SMH reported West Australia would welcome Vale’s (NYSE:VALE) anticipated move into the Yilgarn iron ore region.
As quoted in the market news:
West Australian Premier Colin Barnett says he has no concerns about the possibility of Brazilian iron ore giant Vale buying into the state.
Media reports suggest Vale – the world’s biggest iron ore producer ahead of Rio Tinto and BHP Billiton – is eyeing WA’s Yilgarn region because it there is a cost disadvantage of shipping to China from Brazil.
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