Wednesday, March 17, 2010

Chinalco Confirms Guinea, Mongolia Talks

Chinese state-owned nonferrous metals company, Chinalco, has said it is in talks with Rio Tinto about potential joint ventures in Mongolia and Guinea, according to reports in a Chinese newspaper on Wednesday.

The Oriental Morning Post quotes vice-president Lu Youqing as saying the companies are talking about developing joint-ventures for the Mongolian Oyu Tolgoi copper-gold project as well as the Simandou iron ore mine in Guinea.

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