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Nov 20, 2014 · CAA Resources, controlled by China, reopened “Iron Hill,” a dormant iron mine in Bukit Besi, Malaysia, and is ramping up production despite the ore’s falling price.

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The price of iron ore fell to within shouting distance of all-time lows on Wednesday as worries about oversupply continue to dog the market and steel prices in top consumer China fall to record lows.

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