| Updated:
IRON ORE WOES
MINER BHP Billiton yesterday called for greater transparency in iron ore pricing, and slammed the current system of negotiation. The comments come after China detained four workers at BHP’s rival Rio Tinto, which has been accused of bribery. BHP’s chief financial officer Alex Vanselow said a pricing mechanism used for negotiating a copper price could also be used with iron ore.