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Iron ore giants Vale, Fortescue plan tie-up

It would be the first deal involving the "big four" iron ore miners following a collapse in the price of the commodity

A Fortescue loading dock at Port Hedland in the Pilbara region of Western Australia. Fortescue's shares rose nearly 7 per cent to a 16-month high after the announcement.


THE world's No 1 and No 4 iron ore miners are in talks that could see Brazil's Vale SA taking a minority stake in Australia-based Fortescue Metals Group and the blending of their iron ore to win market share in China.

The proposal will help the pair match the quality of...

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