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    <title>Cabinet approves Long Term Agreements for supply of iron ore to Japan and South Korea through MMTC Limited</title>
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    <description>Renewal of Long Term Agreements authorises five year supply of high grade iron ore (+64% Fe) through a single national trading agency, specifying annual export ranges of 3.80-5.50 million tonnes with itemised ceilings for lump and fines, an allocation between Japanese and South Korean purchasers, and continuation of single agency exports with a trading margin of 2.8% of FOB price.</description>
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