Angang and iron ore giant Rio Tinto realize cross-border settlement of RMB for the first time

Published: Aug 4, 2020 08:13

Source: Angang Group Co., Ltd.

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SMM: a large ship carrying iron ore set sail from Australia on August 1st to Bayuquan Port in northeast China. The iron ore is a wholly owned subsidiary of Anshan Iron and Steel Group, Angang Group International Economic and Trade Co., Ltd., and iron ore giant Rio Tinto Group, importing iron ore for the first time through RMB cross-border settlement under the long Association, this time the total amount is about 100 million yuan.

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