Printer Friendly

Rio seeks China mining projects.

BEIJING: Rio Tinto, fighting a takeover bid by rival Anglo-Australian miner BHP Billiton, would like to work with Chinese state firms to develop mining projects around the world, Chief Executive Tom Albanese said yesterday.

The partnership offer could draw some of the sting from acrimonious iron ore contract talks pitting Rio and BHP against Chinese steel mills led by Baosteel.

Albanese said he had no plans on this trip to meet executives from Baosteel Group, parent of Baoshan Iron and Steel.

"There are opportunities for cooperation on a joint venture basis, or something equivalent to that, and I think that Chinese SOEs could be very much part of that picture," he said.

Copyright [c] 2008 Gulf Daily News

Provided by an company
COPYRIGHT 2008 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Gulf Daily News (Manama, Bahrain)
Date:Jun 11, 2008
Previous Article:New club panel vows family fun.
Next Article:CRUSH THEM!

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters