Ceramic Industry News

Rio Tinto to Establish China Joint Venture with Chinalco

December 9, 2010
/ Print / Reprints /
/ Text Size+

Rio Tinto and Chinalco have signed a non-binding memorandum of understanding to establish an exploration joint venture in China. The JV will explore mainland China for world-class mineral deposits and is expected to come into operation in the first half of 2011.

The joint venture will initially focus on three to five large area exploration projects, with the potential for additional regions to be added later. Chinalco will hold a 51% interest in the JV; Rio Tinto will hold a 49% interest.

“This exploration JV is the latest chapter in the rich history of partnerships between Rio Tinto and China,” said Tom Albanese, chief executive of Rio Tinto. “The combination of skills provided by Rio Tinto and Chinalco offers great potential to unlock value for mutual benefit.”

“Against the backdrop of the globalization of resources supporting the globalization of the world economy, for both sides to build on our respective strengths and establish an exploration JV is a win-win measure that will deepen our cooperation and meet the challenges of the market,” said Xiong Weiping, president of Chinalco.

For additional details, visit www.riotinto.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

In-Depth Features

These articles detail innovative advanced ceramic and glass materials and technologies.


Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts


Ceramic Industry Magazine

CI April 2014 cover

2014 April

Our April issue features details on advanced materials such as ceramic matrix composites and piezoelectric ceramics, among many others. Be sure to check it out!

Table Of Contents Subscribe


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!


facebook_40px twitter_40px  youtube_40pxlinkedin_40