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Global Industry: Australia manipulates exchange to protect miners, says Brazilian CEO of Cliffs

Cliffs NaturalCliffs Natural CEO Lourenco Goncalves.
Cliffs NaturalCliffs Natural CEO Lourenco Goncalves.

The Brazilian Lourenço Gonçalves, CEO of Cliffs Natural Resources, said that Australia is “manipulating” its currency to save country exporters of iron ore. The Executive said that Australian miners producing the commodity are so desperate for money that “are putting up kangaroos for sale.”

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