December 24, 2018 / 9:34 AM / in 5 months

China's Minmetals to buy 2.04 mln T iron ore from Rio Tinto in 2019

BEIJING, Dec 24 (Reuters) - China Minmetals Corp will buy 2.04 million tonnes of iron ore from Australian miner Rio Tinto Ltd in 2019, the company said in a filing to the Shanghai Stock Exchange on Monday.

Minmetals will purchase Pilbara Blend lump ore that will delivered through 12 cargoes and priced at around 999.6 million yuan ($144.94 million), said Minmetals, adding actual prices will be adjusted in accordance to the market each month.

$1 = 6.8967 Chinese yuan renminbi Reporting by Muyu Xu and Ryan Woo; Editing by Christian Schmollinger

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