Detention cases negotiator Rio Tinto mining company by China, is a factor which stop the process of iron ore price negotiations between Rio Tinto and China steel mill. Rio Tinto reported having stopped the talks with China on steel factory iron ore prices.

Rio Tinto Group, the world’s second largest iron ore exporter, agreed to a 33 percent discount for this year’s contract price with Japan, South Korea and Taiwan factories and have not reached an agreement with Chinese buyers. Fortescue Metals Group Ltd., Australia’s third largest iron ore producer, to forge an agreement with China Iron and Steel Association last month to cut prices by 35 percent.

Sam Walsh, executive Rio Tinto Iron bjih, commented, “he did not know when talks would come back and say the commercial espionage case against four iron ore advanced negotiators. We respect the Chinese judicial system and we are pleased that four of our employees have been able to hire a lawyer who will represent them. ”

Rio Tinto’s statement has no effect on their stock sales in Sydney. Rio Tinto’s share price rose 0.4% in Friday trading days.

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