Rio Tinto to develop mineral reserves in Kazakhstan

Wednesday, 07 July 2010 16:42:37 (GMT+3)   |  
       

During the 1st Kazakhstan International Mineral Resources and Metallurgy Congress ‘Astana Minerals & Metallurgy' held on June 30-July 1 in Astana, giant Australian iron ore miner Rio Tinto signed an agreement with Kazakh state mining company Tau-Ken Samruk to jointly explore and develop Kazakhstan's mineral reserves, in which investment has been cut in the past few years

Accordingly, the companies, which will form a 50-50 joint venture, will focus on copper, gold, bauxite and iron ore. Kazakhstan is to supply rights and permissions, while Rio Tinto will contribute technology to the joint venture.

Tau-Ken Samruk is the metals and mining subsidiary of Kazakh state-owned holding and investment company Samruk-Kazyna.


Similar articles

Major steel and raw material futures prices in China - March 29, 2024

29 Mar | Longs and Billet

Iron ore prices drop by over $9/mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News