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Iron ore profits to drop by a third as miners eye China demand

Iron ore profits to drop by a third as miners eye China demand
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Iron ore profits to drop by a third as miners eye China demand

Rio Tinto is the first of the global iron ore majors expected to report lower half-year earnings from this week, as supply chains normalise after COVID-19 and attention turns to how suppliers to.

Miner South32 wipes $1 9b from value of US mine

The miner said inflation and operational problems have slashed the value of its project in the state of Arizona.

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