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Conviction sell: Rio downgrade gives entire iron ore sector a bloody nose

Frik Els | March 19, 2013 | 10:06 pm Top Companies Australia China Iron Ore 

Investment bank Goldman Sachs on Tuesday downgraded Rio Tinto (NYSE: RIO) from 'neutral' to 'conviction sell' citing the world's number two miner's over-reliance on iron ore for its earnings. The bank is concerned about the fact that 90% of Rio...

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