KSE100 34046.29  ▲ Increased By 350.87 (1.04%)
KSE30 14866.72  ▲ Increased By 218.11 (1.49%)
BR100 3503.53  ▲ Increased By 50.12 (1.45%)
BR30 18482.50  ▲ Increased By 298.74 (1.64%)

Business Recorder Logo

Jun 01, 2020 PRINT EDITION

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