China accuses Rio workers of stealing price data

Four detained Rio Tinto Ltd. employees are accused of paying bribes for secret information about China's stance in iron ore price talks, state media said Friday in a case that highlights the volatile Chinese mix of business and politics.

The four employees, including an Australian, were detained Sunday as Rio, the world's third-largest mining company, negotiated on behalf of global iron ore suppliers with Chinese steel mills. The government says it has proof they stole state secrets.

The Rio employees are accused of bribing Chinese steel company personnel to obtain summaries of meetings by Chinese negotiators and gain an edge in the price talks, newspapers said, citing the Ministry of State Security, China's domestic intelligence agency. They said that damaged China's "economic safety."

Read Full Article from The Associated Press

- Posted: 2009-07-10 10:49:19

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