Chinese and Australian leaders intervene in Rio Tinto spy case iron ore talks are still under

Source: Internet
Author: User
Keywords Said Smith the Chinese government iron ore
Tags business company compared enterprises growing key media media reports
The Australian Government's response to the "Rio Tinto espionage case" has been growing stronger.  In the face of cabinet pressure, Australian prime Minister Kevin Rudd may have contacted Chinese leaders to hold talks on the arrest of 4 employees of Rio Tinto's Shanghai office, according to media reports yesterday.  Australia summoned the Chinese ambassador to Australia since the "Rio Tinto espionage case" exposure, compared to China's low-key, Australian government and related enterprises. Yesterday, Australian Foreign Minister Stephen Smith said in Canberra, Australia, that Australian Foreign Ministry officials summoned the Chinese ambassador to Australia yesterday to ask for more details about Chinese authorities detaining Stern Hu, an Australian employee of Rio Tinto, Stephen.  In an e-mail message, Mr. Smith said Australian officials reiterated that Mr Hu's case should be dealt with quickly. Smith said this was the third time since Monday (July 5) that the Australian Foreign Ministry has been in dialogue with the Chinese ambassador to Australia.  He added that Australian officials were also seeking such information from Beijing.  Smith said that the Australian government will continue to take steps and structured measures to deal with the matter. On the same day, Australian Finance Minister Linsay Tanna, Lindsay Tanner, told reporters in Sydney, Australia that the Australian government would not change its assessment of overseas capital investment in Australia because of the "Hu case".  Analysts believe that at this sensitive moment, what Tanner calls "overseas funds" may be referred to as "Chinese investment".  At present, at the request of the Australian Foreign Investment Audit Committee (FIRB), China Nonferrous Mining Group Co., Ltd. is preparing to submit a new application for the acquisition of the Lynas corp51.66% shares of the Australian rare Earth Mining Company.  The iron ore talks did not stop. Tanner said the Sydney Morning Herald had been involved in an investigation into the "Rio spy case", saying he did not know if the report was true. The Sydney Morning Herald, citing Chinese government sources on its website yesterday, reported that senior Chinese officials had personally approved the investigation into the "Rio spy case" by China's National security ministry.  The investigation has led to the arrest of four Rio Tinto employees.  Reported that the said said to understand the "Rio Tinto Espionage" insider information, the investigation was long before Rio abandoned the acceptance of Chinalco 19.5 billion U.S. dollar investment transactions began. The report's Web site quoted a Chinese government source as saying the investigation was not intended to retaliate against the failure of Rio Tinto and Chinalco's deal. The survey is a deliberate, government action on general resource issues.  The Government has taken into account the possible international response before making its decision. Mr Tanner also said it was unlikely that Chinese steelmakers would abandon their current long-term contracts with Australian iron ore producers, mainly BHP Billiton and Rio Tinto, and move to the spot market, "which I think is unlikely to happen because it is important for countries like China to haveA coherent supply. So I think that the pattern of contracts that have existed in the past is unlikely to go away. "The existing contract system governs Australia's $14 billion worth of iron ore exports to China each year," he said.  The future of the system is uncertain, as Chinese steelmakers have so far failed to reach a consensus on this year's contract price with major iron ore suppliers, including BHP Billiton and Rio Tinto.  In Shanghai yesterday, the Chinese Iron and Steel Industry Association, which represents the iron ore negotiations on behalf of Chinese steel mills, said that the tight price negotiations between Chinese steelmakers and iron ore makers continued. Chris Bowen, Australia's financial Services minister, said 12th that the "Rio Tinto espionage case" could make Australian companies think the uncertainty about doing business in China is growing.  This should also be a concern for the Chinese government, Bowen said, and if overseas companies feel the uncertainty is very high, it will change the way global foreign companies contact Chinese companies. China's official relatively low-key Shanghai municipal Government Deputy secretary General, municipal Commerce Committee director Hailin yesterday, 11th in Shanghai with the Australian Trade Minister Simon Klin (Simon Crean) face-to-face talks, talked about the detention of Hu, some of the situation, but more talk about a wider range of cooperation issues.  But Hailin said the incident was too sensitive and was not in charge of his own, and was unwilling to disclose more details of the conversation.  Hailin also told the Morning Post reporter, his representative Shanghai and Simon Klin talks is mainly to consider the "business and trade sector" counterpart, and no other aspects of more consideration. Simon Klin was cautious in responding to the incident during the temporary Shanghai visit.  However, some opposition parties in Australia have also shown more radical measures, hoping to pressure the government's more senior leaders to talk directly to the Chinese side and even to ask the Chinese to release Mr Hu by political means. "Foreign Minister Smith believes that" this has affected the Australian companies to invest in China, "said, now in Australia has aroused many people's approval," an Australian industry personage to the Morning Post reporter said, "On the other hand, the domestic opposition party represented by Mr Turnbull also took advantage of this against its opponents, Actually in our country has aroused another controversy. "The actual business in Australia, at least, has already produced a certain degree of alert mentality."  Yesterday, Andrew Forres, chief executive of Australia's third-largest iron ore producer, FMG to the media in Melbourne, Australia, that it was too early to come to a conclusion on the impact of the Rio Tinto incident, although dealing with Chinese companies needed to pay special attention to the shareholders of the other company. However, Forrest also said the company's business in China was not affected by the "Rio Tinto espionage case". He told reporters that although he could not represent the position of other companies, FMG has been very satisfied with the Chinese economy maintained close ties, and this link has not weakened. He said the number of FMG employees in China was not very large and their behaviour was blameless.
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