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    China yet to receive Rio message about new pricing mechanism
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    Sam Walsh, chief executive officer of Rio Tinto's iron ore unit, said Monday in Sydney that China could purchase iron ore under a new mechanism next year on the condition that China did not put up any unreasonable terms. "Setting a different pricing mechanism for China will be a beneficial solution both to China and Rio Tinto" said Chen. Shan Shanghua, secretary general of the CISA, said, "China will not accept the price that the three biggest mining companies offered to other countries' mills. Full Article at People's Daily Online
    Setting a different pricing mechanism for China will be a beneficial solution both to China and Rio Tinto
    SOURCE: People's Daily Online 1 month ago
All quotes from:
China yet to receive Rio message about new pricing mechanism
  1. China will not accept the price that the three biggest mining companies offered to other countries' mills. Since China imports nearly half of the world's iron ore output, it's fair for us to ask for a bigger price cut.
    SOURCE: People's Daily Online 1 month ago

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