Rio Tinto (RIO) and Chinalco (ACH) sign a non-binding memorandum of understanding to form a JV...

|About: Rio Tinto plc (RIO)|By:, SA News Editor

Rio Tinto (RIO) and Chinalco (ACH) sign a non-binding memorandum of understanding to form a JV that will explore mainland China to find and develop coking coal and copper deposits. The duo plan to start with three to five large area exploration projects.