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ArcelorMittal strikes big deal with Vale

ArcelorMittal, the world's largest steel maker, is to buy 529 mt of iron ore from Brazil’s Companhia Vale do Rio Doce (Vale) over the next ten years.
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ArcelorMittal did not say how much it would pay Vale, but called it the world's largest-ever deal between a steel company and an iron ore supplier.

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