RIO Tinto is stuck with high gas prices for its iron ore projects across the Pilbara in Western Australia, because it failed to negotiate with supplier Chevron in time.
Court of Appeal rules iron ore miner missed deadline to negotiate with Chevron.
This month, the WA Supreme Court ruled Rio was stuck paying its original offtake prices for gas from the Gorgon LNG project. The original offtake agreement was signed by Rio subsidiaries...
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