Iron Ore Talks, Rio Trial Moving in Tandem

(Caixin Online) Stern Hu, the detained head of Australian miner Rio Tinto's Chinese operations, is a step closer to a criminal trial that will likely decide his fate.

At the same time, negotiators for international iron ore miners including Rio and China's major steel producers are edging closer to a price agreement. It's the latest development in a strained business relationship that contributed to Hu's demise.