RIO 0.30% $116.46 rio tinto limited

"Rio's activities led China to pay $A123 billion (700 billion...

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    "Rio's activities led China to pay $A123 billion (700 billion yuan) more for iron ore than they otherwise would have."

    Oh Boy! It is surprising that the allegations of spying and price fixing are only being aimed at RIO when both RIO and BHP always charge the same contract price for their iron ore.

    They could be mounting a case of anti-competive price practices to prevent BHP & RIO from combining on iron ore in the Pilbara.



 
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