Ferrous Metals

Rio sounds death knell for annual iron ore pricing

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Rio Tinto says it is dumping the annual iron ore pricing in favour of quarterly pricing. It is the last of the top three to do so.

Metmar acquires 40% of Zim Alloys Chrome

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Metmar Africa, in which JSE-listed Metmar Limited, has acquired a 40% stake in Zimbabwe Alloys Chrome for $51.3m.