= Australia-China Relations Back To 'Business As Usual' - Min

Sun. October 25, 2009; Posted: 12:45 AM

CANBERRA, Oct 25, 2009 (Dow Jones Commodities News Select via Comtex) -- RTP | Quote | Chart | News | PowerRating -- Australian Foreign Minister Stephen Smith said Sunday that relations with China are now back to "business-as-usual" after the tensions that rose earlier in the year when China detained Rio Tinto PLC (RTP, RIO.AU) executive and Australian citizen Stern Hu on charges of bribery and stealing commercial secrets.

"We've had some significant tensions in the relationship, [but] we believe very much that in the last month or so things are getting back very much to business as usual and that's a very good thing with a very important relationship," Smith told Australian Broadcasting Corp television.

Smith said Australia continues to urge Chinese authorities to bring the case against Hu and three other China-based Rio employees to a conclusion as quickly as possible. Chinese officials last week extended the Rio investigation for a month.

The foreign minister pointed to Saturday's meeting between Australian Prime Minister Kevin Rudd and Chinese Premier Wen Jiabao on the sidelines of a summit of Southeast Asian nations as a further sign of thawing ties.

Rudd also confirmed that China's Vice Premier Li Keqiang will visit Australia soon. Hu has been detained since July 5, along with three other Rio employees who are all Chinese nationals. China alleges they used bribery to obtain commercial secrets during annual iron-ore negotiations.

Rio Tinto has denied allegations its employees were involved in bribery.

-By Rachel Pannett, Dow Jones Newswires; rachel.pannett@dowjones.com; 61-2-6208-0901

(END) Dow Jones Newswires

10-25-09 0045ET

For full details on Rio Tinto Plc Adr (RTP) click here. Rio Tinto Plc Adr (RTP) has Short Term PowerRatings of 4. Details on Rio Tinto Plc Adr (RTP) Short Term PowerRatings is available at This Link.

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