Rio Tinto chief Tom Albanese pledged a closer relationship with China, saying it is of great importance to the company.
China's imports of iron ore and crude oil reached record highs in July on the back of strong domestic demand, even as overall trade showed a steeper decline compared to the same period last year.
Six days after their arrest, two Shanghai-based employees of scandal-ridden mining company Rio Tinto were allowed to meet their lawyers for the first time. Rio Tinto Employees on Espionage Charge
Chinese negotiators have backed down from a demand for a 45 percent cut in iron ore prices, settling for a 35 percent reduction from Australia's Fortescue Metals Group Ltd (FMG) and asking for the same deal with SA Vale, Billiton BHP Ltd and Rio Tinto Group.
A merchant from Wenzhou, Zhejiang province has confirmed the buyout of Propeller TV, a UK digital satellite television channel, according to 66wz.com, a Wenzhou-based website.