Sat, Jul 11th, 2009
SHANGHAI (Reuters) - Australia's trade minister pressed China on Saturday for more details about the detention of a Rio Tinto executive, but said he did not expect the case to affect bilateral trade ties.
Stern Hu, an Australian national, and three Chinese employees of Rio Tinto's iron ore department were detained last week, on what China said was suspicion of stealing state secrets.
Simon Crean told reporters he had expressed "strong concern" to the Shanghai city government regarding Hu, and that Australia hoped the issue would be dealt with quickly.
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I’ve been spending a lot of time this week talking to my sources in China, one of whom is inside one of the country’s sovereign wealth funds (SWF).He could not discuss the details of the Rio Tinto bribery scandal, but indicated that it was far more about saving face and establishing position than anything else.(Business & Finance)
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SYDNEY (AP) -- Iron ore suppliers and China have broken off price talks and it is unclear when they will resume, an executive of Rio Tinto Ltd., which is negotiating for the suppliers, said Friday.(World News)
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Australia falls out of love with China. Suddenly, however, this budding romance is in trouble. A massive resources grab by Chinese government-owned giant Chinalco ended in mutual recriminations and the arrest of mining giant Rio Tinto's senior Australian executive in China on unspecified and still unexplained espionage charges.(World News)
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