• 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

Taiwan’s CSC post 614% jump in H1 pre-tax income...
Finance and economy
21 Feb 2017 10:05
Bluescope Steel announces its profits rise signifi...
Finance and economy
20 Feb 2017 11:12
ArcelorMittal’s South American company to improve ...
Finance and economy
17 Feb 2017 12:04
Hyundai Steel announces its 2016 net profits up ...
Finance and economy
15 Feb 2017 11:57
Chinese steel exports hit a record low in Jan 2017...
Finance and economy
13 Feb 2017 14:42
Most Popular