Original article by Angus Grigg, Lisa Murray
The Australian Financial Review – Page: 22 : 6/19/2014

Rio Tinto will reduce the price of low-grade iron ore by 13 per cent to around $US73 per tonne, in the wake of the fall in the benchmark price. The discount takes effect from 1 July 2014, and follows a similar move by Fortescue Metals Group. Tim Murray of J Capital Research notes that there has been a decline in demand for lower-grade iron ore

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RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, J CAPITAL RESEARCH COMPANY LIMITED, CITIC RESOURCES HOLDINGS LIMITED, MYSTEEL.COM LIMITED, DEZHENG RESOURCES HOLDING COMPANY LIMITED, BANK OF CHINA GROUP, CITIC GROUP