Metals & Mining

Wed, 08/18/2010 - 17:30

Rizhao Steel Group hit with $114 mln judgement for breach of contract

Shanghai. August 18. INTERFAX-CHINA - An Australian arbitrator has ordered Shandong Province-based Rizhao Steel Holding Group Co. Ltd. (Rizhao Steel Group) to pay $ 114 million for breaching a 2008 iron ore offtake contract with Australian Securities Exchange-listed Mount Gibson Iron Ltd., the Australian company announced on August 17.

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