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Mount Gibson settles contract quarrel

MOUNT Gibson Iron has reached a $US30 million ($A33 million) settlement with Sinom (Hong Kong) after the former customer failed to collect long-term contract iron ore cargoes from the Western Australian miner.

MiningNews.Net
Mount Gibson settles contract quarrel

The iron ore play brought arbitral and other proceedings against three of its customers, Pioneer Iron and Steel Group, Rizhao Steel Holding Group and Sinom (Hong Kong), which last year cancelled scheduled...

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