Posted on 30 Jul 2009
Global miner BHP Billiton Ltd has settled annual contract prices for almost a quarter of its 2009 iron ore volumes and price terms for another 30 per cent.
Contracts for some 23 per cent of volumes reflect prices that are about 33 per cent lower than last year's price for fines, and 44 per cent lower for iron ore lump.
The contract prices are the same as those achieved by the world's second-largest iron ore miner, Rio Tinto Ltd when it settled prices with its major Japanese, Taiwanese and South Korean steel mills earlier this year.
