LONDON, Feb 18 (Reuters) - Mining group Rio Tintowill continue to press for a premium based on freight costs for its iron ore contracts, the firm said on Monday.
Japanese and South Korean steel mills agreed to a 65 percent hike in iron ore contract prices with Brazil's Vale, but Rio Tinto said it was still in talks about its iron ore contracts.
"In any event Rio Tinto will continue to negotiate to obtain a freight premium, to reflect its proximity to Asia and its major customers," Sam Walsh, the chief executive of Rio's iron ore division, said in a statement.
iron ore
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