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Vale, FMG alliance less likely

Iron ore alliance may unravel, FMG CEO says

Vale, FMG alliance less likely Vale, FMG alliance less likely Vale, FMG alliance less likely Vale, FMG alliance less likely Vale, FMG alliance less likely

Rising iron ore prices help FMG pay off debt but an alliance with Vale is less likely

The two companies announced a plan in March to join forces as iron ore price slumped.

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