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June 10, 2011 In a recent Fairfax media article about the difference between share prices of iron ore explorers and developers and iron ore producers, the CEO of BHP Billiton Marius Kloppers spoke about the current high iron ore prices and the profitability of the sector. His view is that the halcyon days of very high prices could not last but did not comment on when the situation might change. The price of US$175 per tonne compares very favourably with the price Rio Tinto negotiated 12 months earlier of US$135 per tonne, as reported by the Australian on May 24 2010. Read the full article here. The Australian report can be found here.
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