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rlv buys iron ore mine in chile

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    NZPA - Tuesday October 21 2008 - 03:08pm

    Today RLV said it had signed a conditional agreement to buy all the shares in Minera Varry, a company incorporated in Chile, for $US120m.

    Minera Varry owns a mining concession in Chile for the excavation, processing and export of iron ore. Iron ore production and shipment was expected to start during the third quarter of 2009, RLV said.
 
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