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Markets

China's Minmetals to buy 2.04mn tonnes iron ore from Rio Tinto in 2019

BEIJING: China Minmetals Corp will buy 2.04 million tonnes of iron ore from Australian miner Rio Tinto Ltd in 2019,

December 24, 2018

BEIJING: 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.

Copyright Reuters, 2018