Rio Tinto signs iron ore deal


Issue 192 - 07 Aug 2010 | 2 minute read

Rio Tinto and China’s Chalco signed a binding agreement in Beijing on 29 July to establish a joint venture covering the development and operation of the Simandou iron ore project in south-east Guinea. The agreement follows a memorandum of understanding between Rio Tinto and Chalco’s parent, Aluminium Corporation of China (Chinalco), announced in March.

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