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Australia's iron ore royalty steps out, and up

Iron ore royalty, in more ways than one

Tim Treadgold
Piling up: The wealth of Australia's iron ore magnates is growing again

Piling up: The wealth of Australia's iron ore magnates is growing again

Palmer's wealth, most recently estimated by Forbes magazine at $US2.5 billion, can be found largely in an iron ore royalty he struck more than a decade ago with the Chinese company, Citic. But cash...

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