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
Latest Press Releases
- Rio Tinto investor seminar
- Rio Tinto announces senior management appointments
- Rio Tinto exports its three billionth tonne of iron ore from its Australian operations
- Shanghai employees – Update 1
- Second quarter 2009 operations review
- Rio Tinto reaches agreement to sell Alcan Packaging Food Americas division for US$1.2 billion
- Rio Tinto Board appointment
- Rio Tinto announces new Rights issue
- Rio Tinto and BHP Billiton announce West Australian iron ore production joint venture
- Iron ore supply contracts for 2009 settled with most major Asian customers
Spread your message to an audience that counts, with options available for our website, email bulletins and publications including The House Magazine.
