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Mining major BHP and China’s Baowu Steel Group are exploring new approaches of conducting iron ore transactions, including the adoption of payments in renminbi and blockchain technology. BHP expects to be able to complete its first blockchain iron ore transaction with the Chinese steel group’s subsidiary, Baosteel, soon, the Melbourne-headquartered miner said on Tuesday May 12.
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China Plays Hardball with Iron Ore Producers Seeking 82. Dec 09 2008 0183 32 China may soon ask the world s top iron ore producers to 82 reduction in iron ore Group Inc told Bloomberg But iron ore prices...
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