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Interview - JSW unlikely to reopen Chile iron ore mines unless price hits $75| Reuters

May 15, 2015    

SINGAPORE JSW Steel (JSTL.NS), India's third-largest steel producer, is not planning to resume operations at its iron ore mines in Chile unless the global price recovers to $75 a tonne, a senior official said on Thursday.JSW, India's biggest importer of iron ore, is looking at buying around 6 million tonnes of the steelmaking raw material in the current year to next March after importing about 9.5 million tonnes in the previous financial year, said Arun Maheshwari, senior vice-president at the company.JSW said in March it would temporarily shut down operations at its mines in the Atacama regio...

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