Rio Tinto share to be a joint venture with the Al 4 trillion to rescue the marke
Australia, Rio Tinto announced production cuts of 10% at the same time, also announced an explosive plan?? Are interested in Rio Tinto and China Aluminum Co., Ltd. (referred to as "aluminum") and other government-supported joint venture enterprise.
As a defensive impact of the global financial crisis, on November 5, Premier Wen Jiabao chaired a State Council executive meeting, study and plan to further expand domestic demand to promote stable and rapid economic growth measures. This is a State Council executive meeting in January for the second time in a row to deploy the national economic situation. Compared with October 17 the State Council executive meeting of the objectives of macroeconomic regulation and control by the "guarantee of a control" to "Paul works as first", the meeting will "keep" to "promote." The meeting clearly 10 specific measures, plans to invest a total of 4 trillion in 2010 to invest in further expanding domestic demand, promote economic growth.
This, Australian Prime Minister Kevin Rudd said China has just introduced the expansion of domestic demand and investment plans in East Asia and the world economy is of great significance, for Australia is also good news.
Proved 4 trillion yuan, "rescue" program encouraged the sharp drop in commodity prices is facing a crisis of international mining. 10 November, Rio Tinto rose 7.9%, another Australian mining giant BHP Billiton has reached 7% increase. Rio Tinto chief executive Aibo
years, said he was the joint development of new Iron ore Interested in the project. In these projects, China will build the infrastructure needed to transport minerals, roads, railways and ports. He also said that in the context of the global financial crisis. Rio Tinto on BHP hostile takeover stance.
It is understood that Rio Tinto might Aluminum in China to jointly develop infrastructure in Queensland, Australia, Rio Tinto's spokesman said the company intends to establish a joint venture with the aluminum to raise Rio Tinto's strength in overseas markets.
Rio Tinto believes that when China Cooperation Time is very important to the power infrastructure in China brought their own experiences and sustainable development of mining experience. However, Rio Tinto spokesman said, now turn to the specific joint venture where not the time, but Rio Tinto's Weipa in Queensland there are companies operating in the vicinity of aluminum also, so very likely the two joint development of infrastructure. Now, this is only a vision.
Some analysts believe that, in aluminum and Rio Tinto are major mining projects in Queensland, but also face the problem of infrastructure lag, so the possibility of cooperation great, but the key depends on the plan of aluminum.
So far, a total investment of aluminum about 30 billion Australian dollars for Australian bauxite project depreciation, Fukui has reached more than 700 million yuan. Aluminum chairman Xiao said, "plans to cut 20% of the cost of investment in domestic projects, but the established overseas investment projects, investment will not be reduced." Aluminum high-level attitude, seems to release a joint venture with Rio Tinto's will. Even if the Aibo
years that led to iron ore slowdown in Chinese demand growth plans may be affected. But the WA representative in China, that the Rio Tinto the right time in the expression of the desire for cooperation with Chinese enterprises, shows that China plans to stimulate the economy have been reflected in foreign mining companies, the Chinese market is still very attractive, with Rio Tinto would like to use in the relationship between aluminum and further develop the Chinese market. The joint venture if the program were successful, Rio Tinto will further get into the Chinese market chips.
I am an expert from cnc-machiningparts.com, while we provides the quality product, such as Machined Parts Manufacturer , China Turned parts, machining parts Manufacturer,and more.
Processing your request, Please wait....
