Photo taken on Dec. 15, 2016 shows Rio Tinto Ltd.'s stockpile yard at the Cape Lambert port in Western Australia. Rio Tinto is currently in negotiations with steel makers Baosteel Group and Shougang Group over a new pricing mechanism for its Australian ore, however the key customers haven't yet agreed to the terms. Rio Tinto's seeking of a new pricing mechanism for its iron ore with Chinese customers is justified given the dramatic lift in coking coal prices, chief executive Jean-Sebastian Jacques believes. (Xinhua/Matt Burgess)
