皇冠体育app

Rio Tinto, the world's second-largest iron ore miner, has softened its stance regarding iron ore prices to Chinese steel mills, with negotiations just around the corner and both sides trying to test how far the other would bend in the crucial talks.

Tom Albanese, Rio's chief executive, said in London on Friday that he would seek to mend relations with 皇冠体育app: "I made a personal commitment to ensure that our relationship with 皇冠体育app is restored to a sound footing, and I was most recently in the country a few days ago."

Sam Walsh, chief executive of Rio's iron ore unit, also said it was possible that 皇冠体育app may use a new iron ore pricing mechanism in the 2010 contract year.