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Acquirers shortlisted as Arrium eyes $160M in savings

ARRIUM has started shortlisting groups interested in its mining consumables business, with more than $A160 million in savings identified in other parts of the company.

Andrew Duffy
Arrium hopes to improve productivity at its iron ore operations.

Arrium hopes to improve productivity at its iron ore operations.

The cost cutting and potential sale forms part of a wider strategic review, with the move designed to cut debt and costs amid the mining downturn. In an update this morning Arrium said it had received...

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