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RIO TINTO LIMITED — Capital/Financing Update 2006
May 17, 2006
65705_rns_2006-05-17_a6fa4f68-c2eb-48a3-b51f-f3c8d4f6d55f.pdf
Capital/Financing Update
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RIOTINTO
News release...
18 May 2006
Iron ore price settlement
Hamersley Iron has today reached agreement with major Japanese Steel Mills on the price for Hamersley fine iron ore deliveries for the contract year commencing 1 April 2006. Under these agreements, the price of fine ore will increase by 19 per cent.
Sam Walsh, Chief Executive of Rio Tinto's Iron Ore Group, said, "This year's pricing reflects the current international market, which is characterised by extremely tight supply and a continuing high level of demand."
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