Why Is Aluminum In A Joint Venture Development Of Guinea And Rio Tinto Iron Ore – Rio Tinto,

To fight in the cause of aluminum mining company with world-class international match polymetallic mining company, is established in early 2009 the development strategy of aluminum. Participation in the global high quality, low cost, long life and high quality investment in mining projects in the aluminum companies have always practiced commercial investment criteria. Around the development strategy, in 2010 pushing aluminum Jiang W listed first, followed by iron ore giants Rio Tinto and the joint venture, to enter African markets.

General Manager Mr Xiong said of aluminum, the aluminum metal alone can not develop a business must apply to the more metal direction, “This is about the living conditions of aluminum in the future.”

Jiang W Aluminum pushing listing According to introduction of aluminum, in fact, as early as 34 years ago, the SASAC will be the primary aluminum industry identified as aluminum, copper and rare earth industry. Lv Youqing had also told the media that insist on bigger and stronger aluminum in the aluminum industry, we should speed up the First Class of the copper and rare earth positive development, but also have options to develop other industries.

In accordance with the Aluminum Metal Mining Group, to create more goals, resource dependence will more and more. Thus, in the worldwide aluminum started to “staking their claims”, although sometimes difficult, but ultimately for the goal. March 13, the aluminum and the Jiangxi Provincial Government in Beijing signed a strategic

Cooperation Framework agreement. Under the agreement, Jiangxi Province, will fully support the holding of aluminum in Jiangxi Tungsten Industry Group Holdings (the “Jiang W”), Jiang W aluminum to help achieve the overall market.

According to the agreement, the aluminum tungsten with Jiang in Jiangxi Province and its affiliated companies for the co-pilot, co-build platform for the development of rare earth; in the aluminum companies through capital increase and acquisition, investment, etc., to achieve a holding on the River Tungsten .

“Aluminum is committed to creating a more internationally competitive world-class mining group, is focused on the development of rare earth business. In the development of rare earth aluminum huge potential and broad prospects.” President of Aluminum Corporation of China Luo Jianchuan said.

R & D in China rare metal production
as an important base and tungsten products export base in Jiangxi Tungsten Industry Group Co., Ltd. of rare earth, tungsten present an integrated refining and processing capacity over 30 thousand tons / year, Mo, Sn, Bi silver colored copper-nickel and cobalt metal refining and processing capacity will soon reach an integrated 180,000 tons / year, with wholly owned and controlled

Mine 12 enterprises will have control and zinc tin, tungsten and molybdenum reserves of more than 3 million tons non-ferrous resources.

Aluminum joint development of Guinea, Rio Tinto Iron Ore
19 Aluminum Corporation of China issued a public notice, Rio Tinto announced the signing of a non-binding MOU, both parties will jointly develop Rio Tinto held in West Africa, Guinea, West Mountain, world-class iron ore project Du.

Announcement that Rio Tinto Aluminum Company and the project is expected to West Mount Du iron ore production capacity put into operation the first phase of not less than 70 million tons / year, the two sides will set up a joint venture

Sell
Company, directed the project’s iron ore products sold to the Chinese market.