THE tragedy of the Chinese crack down on sections of its steel industry is it has fed directly into higher prices as iron ore import volumes continue to rise sharply. Over the last four to five weeks spot iron prices have increased 20 per cent or …
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Posted August 9th, 2009
Posted August 9th, 2009
 Straits Times |
Rio Tinto's Spying Cost Country's Steel Industry $102 Billion …
Bloomberg 10 (Bloomberg) — Rio Tinto Plc spied on China's steelmakers for six years, costing them 700 billion yuan ($102 billion) in excessive charges for iron ore, … China: Rio Tinto overcharged by $100 billion over six years Q+A: Why did China detain Rio's mining executives? China Secrets Agency Says Rio Spied for 6 Years |
Posted August 9th, 2009
Just saw the story on the wall street journal: “The amount appears to reflect how benchmark prices set by Rio Tinto in negotiations with Chinese steelmakers are used throughout the steel industry. The figure of $100 billion far exceeds what Rio Tinto …
Posted August 9th, 2009
China has accused Rio Tinto of spying on its steel industry for six years, costing the country Rmb700bn ($102bn) in excessive charges for iron ore and highlighting the need for Beijing to overhaul the way it deals with state secrets so that it can …
Posted August 9th, 2009
Aug. 10 (Bloomberg) — Rio Tinto Plc spied on China’s steelmakers for six years, costing them 700 billion yuan ($102 billion) in excessive charges for iron ore, according to a report published yesterday on a Chinese government-run Web site …