|
|
Article: Rio Tinto Announces 2008 Iron Ore Price Settlement.
- Article from:
- Business Wire
- Article date:
- June 23, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
LONDON -- Rio Tinto Iron Ore subsidiary Hamersley Iron has today reached agreement with China's Baosteel on the price for Hamersley iron ore deliveries for the contract year commencing 1 April 2008.
Under this agreement, the new prices for Hamersley will be:
Pilbara Blend Fines/ Yandicoogina Fines
US cents 144.66 per dry metric tonne unit
Pilbara Blend Lump
US cents 201.69 per dry metric tonne unit
Sam Walsh, chief executive of Rio Tinto's Iron Ore Group, said: "Rio Tinto is pleased to reach this agreement today with Baosteel, China's leading steelmaker."