Brazil's Vale to hike iron price 35 pct to $145/T

RIO DE JANEIRO | Sun May 30, 2010 9:14am EDT

RIO DE JANEIRO May 30 (Reuters) - Brazilian mining giant Vale (VALE.N)(VALE5.SA) will increase iron ore prices by 35 percent to as much as $145 per tonne starting on July 1, a Brazilian newspaper reported on Sunday.

(Reporting by Brian Ellsworth, Editing by Sandra Maler)

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