Rio Tinto, China’s Minmetals sign deal on exploration

June 7, 2017

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Rio Tinto and China Minmetals Corp on Tuesday signed an outline deal on collaboration in mineral exploration, saying the partnership would position it to find the reserves needed for today’s economy.

Major miners have been seeking ways to maximise exploration budgets and they have also been analysing the sustainability of their portfolios as the needs of China, the world’s biggest commodity consumer, change as its economy matures.

Category: General