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Mitsubishi closes on Jack Hills and Oakajee purchase

21 February 2012

Mitsubishi Corporation has closed the A$325 million ($347 million) acquisition of the Jack Hills iron ore mine and Oakajee port and rail project from Murchison Metals. Murchison will use the proceeds of the sale to settle outstanding litigation from Chameleon Mining, repay A$61.4 million...

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