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Rio Tinto to Prospect Metal Resources in China

Rio Tinto to Prospect Metal Resources in China

Write: Nawang [2011-05-20]

Aluminum Corporation of China (CHALCO) has signed a non-binding memorandum of understanding with Australia's Rio Tinto to set up a 51:49 joint venture intended to find world-class fossil resources in China. The new company with the Chinese aluminum giant taking the greater part will be put into operation in the first half of 2011.