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Rio's $US315m vessel purchase

RIO Tinto has purchased three 250,000 deadweight tonne ore carriers for $US315 million ($A361 million) to transport iron ore from its mines in the Pilbara region of Western Australia and potentially from Simandou in Guinea.

Rebecca Lawson
Rio's $US315m vessel purchase

The mining giant said the vessels will be built in Japan by Namura Shipyards and delivered from late 2012. The purchase of the vessels is part of Rio's strategy to increase iron ore production, with...

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