• 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

South Korea's Posco 2014 net income plunges...
Finance and economy
30 Jan 2015 16:18
Nippon Steel takes charge of $583 million in Brazi...
Finance and economy
30 Jan 2015 09:49
ArcelorMittal Zenica to invest $5.4 million ...
Finance and economy
30 Jan 2015 09:48
AK Steel Q4 profit drops...
Finance and economy
28 Jan 2015 14:21
Canadian First Nickel posts 2015 outlook...
Finance and economy
28 Jan 2015 13:49
Most Popular