The Live Wire
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Alex Forrest | Foreign Secretary Hague also says re Houla: We will be calling for an urgent ses...
16:30Alex Forrest
TWITTER
Foreign Secretary Hague also says re Houla: We will be calling for an urgent session of the UN Security Council in the coming days.
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Lord Sugar | Trivia: More people now follow me on Twitter than buy The Times, Independent, Gu...
16:04Lord Sugar
TWITTER
Trivia: More people now follow me on Twitter than buy The Times, Independent, Guardian, Daily Telegraph and Financial Times combined
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James Forsyth | A shift in the government's thinking about the Eurocrisis
15:34Spectator
BLOG
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Owen Jones | The austerity consensus has collapsed
15:08LabourList
BLOG
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Humza Yousaf | Scottish independence would help Labour rediscover its soul
14:46Comment is Free
OPINION
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Press Release
Rio Tinto announces 2009 iron ore price settlement
26 May 2009
Rio Tinto subsidiary Hamersley Iron has today reached agreement with Japan's Nippon Steel Corporation on the price for Hamersley iron ore deliveries for the contract year commencing 1 April 2009.
Under this agreement, the new prices for Hamersley products will be:
Pilbara Blend Fines
US cents 97 per dry metric tonne unit
Yandicoogina Fines
US cents 97 per dry metric tonne unit
Pilbara Blend Lump
US cents 112 per dry metric tonne unit
Rio Tinto Iron Ore chief executive, Sam Walsh said: "Rio Tinto is pleased to reach this agreement today with Nippon Steel Corporation, Japan's leading steelmaker.
"We believe 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."
US cents per dry metric tonne unit
Pilbara Blend Fines Yandicoogina Fines Pilbara Blend Lump
2008 144.66 144.66 201.69
2009 97 97 112
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As such, Central Lobby does not edit, endorse, or attempt to balance the opinions expressed on this page. The content of press releases and other such types of content are the responsibility of the originating organisation.
Rio Tinto Plc
Dods Parliamentary Communications Ltd