Metalloinvest sees its 2012 sales falling by up to 30pct

Reuters reported that Russia's largest iron ore miner Metalloinvest is expecting sales to fall by 20% to 30% in 2012 due to depressed prices.

Mr Eduard Potapov CEO of Metalloinvest said that "The price of iron ore has fallen and we expect EBITDA and revenue will be down about 20% to

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