Rio gets back to business
By Olivia Chung HONG KONG – Rio Tinto executives, waiting to hear the fate of colleagues held in Shanghai on charges of bribery and stealing commercial secrets, may have to wait even longer for the outcome of usually contentious price negotiations for supplying iron ore to China. The annual talks involving Chinese steel companies and global ore suppliers set the price for the 12 months from April 1. Rio’s former lead iron ore negotiator in China, Stern Hu, is in custody with three other employees of the world’s third-largest mining company – Liu Caikui, Ge Minqiang and Wang Yong. A … Continue reading Rio gets back to business
