Rio suspends China iron ore talks over Hu arrest

08-Sep-2009 Intellasia | AAP | Trading Room | 7:01 AM Print This Post

Rio Tinto Ltd says iron ore price talks with China have been suspended due to the detention of company executive Stern Hu, despite claiming previously the Shanghai-based Australian citizen was not central to the negotiations.

“At this point in time we’re not negotiating,” Rio Tinto iron ore chief executive Sam Walsh told reporters after a business function in Perth on Friday.

“Remember we have our negotiators detained,” he said.

http://www.tradingroom.com.au/apps/view_article.ac?articleId=714118

 


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