Sun, Jul 19th, 2009
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SYDNEY -- Australia's foreign minister, Stephen Smith, said that Chinese government officials told him the detention of a Rio Tinto executive stems from a criminal investigation of conduct surrounding iron-ore price negotiations, rather than from what his government would consider espionage.
Mr. Smith's recounting Sunday of comments made by Chinese officials appeared to be at odds with previous statements by China's government on the case of Stern Hu, an Australian citizen, and three Chinese colleagues at Rio Tinto.
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Rio Tinto exec's detention could hurt China
Jul 11th, 2009 - Reuters
SYDNEY (Reuters) - An Australian minister said on Sunday the detention by China of an executive from resources giant Rio Tinto may make business think twice about involvement in the country.
Government makes first contact over Rio's Stern Hu
Jul 11th, 2009 - The Australian
AUSTRALIA's government has made its first direct contact with China about detained Rio Tinto executive Stern Hu but he still remains without legal representation despite being held on accusations of espionage and bribery for almost a week.
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- Visit the Shanghai office...The evening news of Dragon TV, Shanghai on 9 July 2009. Australia is facing a major crisis in relations with China after Beijing yesterday dug in over its detention of four employees of mining giant Rio Tinto ...
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Rio Tinto suspends iron ore talks with China - Yahoo!
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)
SkepticaFri, Sep 4th, 20092 Diggs, 2 CommentsChina's Spy Case Linked To A "Mining Price Dispute"
China’s detention of four employees of the Anglo-Australian mining giant Rio Tinto on spying charges this week is tied to evidence that they obtained confidential state documents during negotiations with Chinese steelmakers over iron ore prices, people with direct knowledge of the case said Friday. (Business & Finance)
casf1bFri, Jul 10th, 20092 Diggs, 2 CommentsThe Iron Ore Negotiation
Rio Tinto became the first of the three big iron ore suppliers to agree to a 33% cut of the benchmark iron ore price starting April 2009 with Japanese mills including Nippon Steel as well as South Korea's POSCO. However, China bucked protocol and rejected the agreement. CISA (China Iron & Steel Association) is insisting on cuts of at least 40%..(Business & Finance)
forexhelpdeskTue, Jun 2nd, 20091 Diggs, 0 Comments
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