• 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 Korean SeAH Steel’s operating income rises f...
Finance and economy
17 Nov 2017 11:14
Indian NMDC’s revenue growth for Jul-Sep y-o-y...
Finance and economy
17 Nov 2017 11:03
The Growing steel development and cooperation betw...
Finance and economy
17 Nov 2017 10:38
IMF foresees economic growth in Indonesia...
Finance and economy
16 Nov 2017 13:40
South Korean Dongkuk Steel’s sales rise in Q3...
Finance and economy
16 Nov 2017 11:55
Most Popular