Rio gets more bad news from Beijing
Looks like the Chinese are warming to the task of sticking two fingers up at Rio Tinto, which dumped state-controlled Chinalco as a financing partner in favour of BHP Billiton a couple of weeks ago. Beijing's latest insult to Rio is a statement on the ongoing negotiations over the iron ore price, which are at a hugely delicate stage. The Chinese happily confirm they're in talks on the matter with rival miners Vale and Fortescue, but Rio seems to have been snubbed.
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