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Rio Tinto, Baoshan Sign Three-Year Coal Supply Contract
Feb. 28, 2011 07:19AM PST
Coal InvestingBloomberg reported that Rio Tinto will be supplying coking coal to Chinese steelmaker Baoshan Iron & Steel Co.
Bloomberg reported that Rio Tinto will be supplying coking coal to Chinese steelmaker Baoshan Iron & Steel Co.
The market news is quoted as saying:
Rio is seeking to mend ties with China, a market that brings in about one-quarter of its sales, after rejecting a proposed investment from Aluminum Corp. of China in 2009.
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