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China’s Minmetals to buy 2.04m tonnes iron ore from Rio Tinto in 2019

China's Minmetals to buy 2.04m tonnes iron ore from Rio Tinto in 2019-中国五矿与力拓签订近10亿元铁矿石采购合同
Published on: Dec 24, 2018
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China Minmetals Corp will buy 2.04 million tonnes of iron ore from Australian miner Rio Tinto Ltd in 2019, the company said in a filing to the Shanghai Stock Exchange on Monday.

Minmetals will purchase Pilbara Blend lump ore that will delivered through 12 cargoes and priced at around 999.6 million yuan ($144.94 million), said Minmetals, adding actual prices will be adjusted in accordance to the market each month.

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($1 = 6.8967 Chinese yuan renminbi)

Source: Reuters

Industrial Metals Iron Mining

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