Rio Tinto signs iron ore deals

Rio Tinto signs iron ore deals

SYDNEY: Anglo-Australian resources giant Rio Tinto on Thursday announced it had struck several more long-term iron ore deals with Chinese steel mills to meet the country's continued strong demand for the raw material.

The contracts will see Rio Tinto's Hamersley Iron mine supply more than 30 million tons of iron ore per year while the Robe River mine will supply 10 million tons a year.

The contracts are for an average of 10 years. Financial details were not disclosed and the Chinese steel mills were not named. -- AFP