SYDNEY: A senior executive at mining company BHP Billiton says the way iron ore is priced should be more transparent, and that such a reform could help prevent situations like one that led to four Rio Tinto employees being arrested in China on commercial spying charges.
Alex Vanselow, chief financial officer with the world's largest mining company, said BHP Billiton had been pushing for a market-based pricing mechanism for iron ore.
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