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SHAKING HANDS: Iron Ore Holdings chair Richard Court (L) and Rio Tinto's Greg Lilleyman at the signing of the acquisition agreement. (Photo: Rio Tinto)

Rio picks up Iron Ore Holdings' Pilbara deposits

Iron Ore Holdings has offloaded its Koodaideri South iron ore tenements in the Pilbara to Rio Tinto in exchange for $32 million cash plus a 2 per cent royalty payment.

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