| Rio Tinto Announces Settlement Of Fiscal 2009 Iron Ore Prices |
Rio Tinto announced May 26 that iron ore prices for fiscal 2009 have been agreed between its Australian iron ore mining subsidiary Hamersley Iron and Japanese steel companies.
Rio Tinto Iron Ore chief executive, Sam Walsh said: "We believer this settlement is a realistic outcome for both parties - one that reflects the global market for iron ore and the current challenging market conditions facing our customers." |
| last modified : Mon 01 Jun, 2009 [10:53] |
