• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

Rio Tinto, Chinalco in talks for new JV in Guinea

  • A
  • A
  • A
Australian Rio Tinto is in talks with Aluminum Corp of China Ltd (Chinalco) for the joint venture to develop iron ore mine in the West African country Guinea, according to the Wall Street Journal.

Chinalco, under the agreement, will offset Rio’s costs to the project about US$6 billion in Guinea mine. And Rio invests about US$10 million a month to develop and explore the mine.

However, this report came after one year that Rio previously stopped US$19.5 billion the cash injection from Chinalco.

News Date 16 Mar 2010 14:47:32 reported by Judy Lin

Sweden Schmolz+Bickenbach company announces its sa...
Finance and economy
28 Aug 2015 09:28
Baosteel announces its net income growth in H1 201...
Finance and economy
27 Aug 2015 18:11
Russian TMK’s net profits soar in H1...
Finance and economy
27 Aug 2015 10:33
Baosteel claims profits loss 2 billion RMB in Q3...
Finance and economy
26 Aug 2015 14:05
AK steel announces net profit loss in Q2...
Finance and economy
25 Aug 2015 10:37
Most Popular