ARH australasian resources limited
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19 percent iron ore price increase

  1. Kapt
    65 Posts.
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    04/07/06
    18:52
    Post #: 1654187
    See following news from Mgx. Mgx have now increased their iron ore price to their customers in line with rio and bhp. Nice precedent.

    Sydney - Tuesday - July 4: (RWE Australian Business News) -
    Mount Gibson Iron Ltd (ASX code: MGX) today announced existing long-term
    iron ore contract customers had been notified that the selling price of
    lump ore and fine ore would be increased by 19 per cent, effective April
    1 2006.
    Existing MGI long-term iron ore supply contract prices are based
    on annually negotiated Hamersley lump and fine ore prices.
    ARH Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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