BHP (BHP) sold several iron ore cargoes to Chinese traders this week, despite restrictions from China Mineral Resources Group, the country's state-run buyer, Bloomberg reported Thursday, citing traders with knowledge of the transactions

At least four shipments were bought by state-run and private merchants and paid for in dollars at a discount to benchmark prices, the report said.

Contract negotiations between BHP and China Mineral Resources stalled in September, prompting the state buyer to advise mills and traders to avoid new dollar-denominated cargoes, the report said.

BHP Chair Ross McEwan said at the company's annual meeting that talks with China Mineral Resources are continuing, according to the report.

BHP did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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