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2008-5-16 Beijing
Fortescue Metals Group (FMG), the third largest mining corporation in Australia, has completed the shipment of first batch of iron ore to Chinese company Baosteel, signifying FMG formally pose a challenge to BHP Billiton and Rio Tinto’s dominant positions in Australia’s ore supply market. This batch of iron ore totaled 180,000 tons, with a value of approximately RMB 90 million.
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