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Iron ore producer Mount Gibson Iron has scrapped plans for a pellet plant near Geraldton after concluding it would cost more than three times as much to build the plant in Australia compared to China.

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PALMER, Mich. (AP) — An Ohio company that runs two iron ore mines in Michigan's Upper Peninsula said Thursday it would build a plant there to supply raw materials for the type of mill that makes most U.S.-generated steel.

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