AU: Government monitors iron ore pricing shifts amid China talks

From australianmining.com.au

The Australian Government is closely monitoring new iron ore pricing arrangements being trialled between Chinese buyers and major Australian producers, amid potential implications for federal revenue. Federal Resources Minister Madeleine King said iron ore remains central to the national economy, with exports from the Pilbara playing a significant role in supporting both communities and the Commonwealth budget. King said the pricing changes are part of commercial negotiations between mining companies and their customers. “We have to let that play out, and we keep an active watch on it at all times, as everyone does ... (full story)