| Even as iron ore prices have collapsed, Brazilian giant Vale SA is building a $US16 billion iron-ore operation that it touts as “the biggest project in our history and in international mining.” How? Because its costs are collapsing as well.
From South America to Australia, plunging currencies in mineral-rich nations are helping some companies expand their mines — and contributing to a glut of production that has saturated markets and driven prices down...............................................Full Article: Source
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