Why is aluminum in a joint venture development of Guinea and Rio Tinto Iron Ore

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, 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 market

    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 to create multi-metal mining target group, dependence on resources will become more sophisticated. Thus, the beginning of Al within the framework of the world «started taking», although sometimes there are difficulties, 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 will be its subsidiary Jiangxi Province to Jiangxi Tungsten pilot enterprises for cooperation, common development platform for building a rare earth; in the aluminum company by capital increase, acquisitions, 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.» Chalco President Luo Jianchuan said .

    R D as China’s important production base for rare metals and tungsten products export base in Jiangxi Tungsten Industry Group Co., Ltd. of rare earth, tungsten present an integrated refining and processing capacity more than 30,000 tons / year, Mo, Sn-Bi-Ag integrated non-ferrous metals such as copper smelting nickel and cobalt processing capacity will reach 180,000 tons / year, with wholly owned mining enterprises and 12, control and about to have tin and other nonferrous metals tungsten and molybdenum copper and zinc reserves more than 3 million tons.

    Rio Tinto Aluminium in joint development of Guinea iron ore

    Aluminum Corporation of China issued 19 bulletins, Rio Tinto announced the signing of a non-binding MOU, both parties will jointly develop Rio Tinto held in West Africa, Guinea, West Mount Du world-class iron ore project.

    Notice that the Aluminum Corporation and Rio Tinto is expected to put into operation the first phase of West Mount Du iron ore production capacity of the project not less than 70 million tons / year, the two sides will set up a joint venture sales company, directed the project’s iron ore products are sold Chinese market.