Rio Head Talks World Iron Ore Projects with China

摘要

Tom Albanese, CEO of Rio Tinto, recently said that his company would like to work with Chinese firms to develop mining projects worldwide, according to a Reuters article. The partnership offer could draw some of the sting from acrimonious iron ore contract talks that pitted Rio and BHP against Chinese steel mills led by Baosteel, Reuters said. Rio Tinto was without peer in discovering world-class mineral deposits, but these were expensive to exploit and required significant infrastructure investment, Albanese said.