China, the world's largest purchaser of iron ore, is expected to purchase between 45 million and 55 million metric tons of the commodity in 2013
BHP Billiton (NYSE: BHP), the world's largest mining company, plans to scale back production of iron ore in its home country of Australia. The company has begun to discuss re-deployment and job losses with workers at its iron-ore operations in the remote western Pilbara region, the Wall Street Journal reported.
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