Monday, December 24, 2012, 2:10 PM
Kobe Steel (KBSTY.PK) says it's halting plans to build an aluminum factory in Mongolia amid concerns of a slowing Chinese economy and rising Sino-Japan tensions. Since the Japanese government's purchase of the Senkaku Islands from their private owners on September 11, Chinese forces have regularly violated the territorial waters around the islands, with some 62 Chinese vessels entering the area on at least 18 occasions.
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Wednesday, February 8, 2012, 1:16 PM
Cliffs Natural Resources (CLF +0.5%) says it's dissolving its Michigan iron nuggets joint venture with Kobe Steel (KBSTY.PK) as it looks to put more focus on its core business.
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