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Re: Richard2 post# 1127

Tuesday, 11/10/2015 11:18:49 AM

Tuesday, November 10, 2015 11:18:49 AM

Post# of 8715
For BHP and VALE, Great for $CLF

The over supply glut was being caused by Samarco which is jointly owned by VALE and BHP. The entire Brazilian operation is halted until an estimated 2019 at the minimum.

This stands for approximately 100 million tonnes of pellets for the 3 year period and possibly more out of the equation.

And Cliffs is prepared.

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