Iron Ore Giants Eating Little Guys Now, But Cannibalism Looms: …

There was maybe more than a touch of hubris in Rio Tinto (Xetra: 855018 – news) boss Sam Walsh’s recent comment that it’s time for other iron ore producers to „really feel the consequences“ of the current low price. The chief executive of the world’s No.2 iron ore miner was speaking after his company’s first-half results last month, basically delivering the message that Rio Tinto is going to …
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