Aug
10
Mitsui, GE Sign Cost-Cutting Pact on Mining as Prices Tumble
ByMitsui & Co., Japan’s largest trader of iron ore and oil, will partner with General Electric Co. in exploring ways to cut costs on mining operations amid the decline inCOMMODITY PRICES
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The initial accord will also study potential cooperation on increasing efficiencies and improving safety, GE said in an e-mailed statement. The two companies signed the memorandum of understanding to formalize the partnership, according to an official at the Tokyo-based Mitsui, who spoke by phone and asked not to be named due to company policy…
Mitsui, GE Sign Cost-Cutting Pact on Mining as Prices Tumble
