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Many shelved expansion plans reignited after bottoming three months ago iron ore prices bounced back. China’s vast demand for resources like iron ore which occurs only once in a century mining boom sustained Australia’s economy. Speculations were assumed that the mining boom was over after iron ore prices dropped to a three-year low in September. It reached for as low as or even below $US90 a tonne
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http://blackhawk-mining.com/2013/01/07/shelved-expansion-plans-reignites/
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