Rio Tinto, Baoshan Sign Three-Year Coal Supply Contract

Industrial Metals

Bloomberg 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.

To read the full market news, click here.

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