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CVRD to purchase iron ore to meet demand

BRAZILIAN iron ore giant CVRD said it may have to purchase up to 12 million tonnes of ore this ye...

Tim Treadgold

The forecast figure is close to double the 7Mt CVRD was forced to buy from other miners in 2002. CVRD chief financial officer Fabio Barbosa told Dow Jones Newswires the additional purchases were having...

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