Minmetals Development to sign one-billion iron ore purchase contract with Rio Tinto
2018-12-25 16:09:19 [Print]
On December 24, Minmetals Development announced that the board of directors agreed that its subsidiary - China Mineral Co
. , Ltd . and the subsidiary of Rio Tinto Group sign an iron ore purchase contract for PB lump ore of 2 . 04 million tons, taking the monthly iron ore index average price . The delivery will be made in 12 ships . The estimated total contract amount is about RMB999 . 6 million . After the contract is signed, it will enhance the company's ability to acquire high-quality iron ore resources and strengthen the company's right to speak in the iron ore market.