China Prepared to Launch Anti-trust Investigation into Mining Giants After Announcement of Shift to Quarterly Contracts

The British-Australian miner Rio Tinto announced that it was negotiating with clients to adopt a quarterly pricing regime for iron ore supply last Friday, a move which followed earlier similar announcements from the two other mining giants dominating global iron ore trade, BHP Billiton and Vale. Against this background, a Chinese authority on anti-monopoly law revealed that the related Chinese departments were preparing legal instruments and had already made arrangements to deal with the above issue.

Source
Economic Information Daily

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