Mining giant Rio Tinto Ltd. and China's Chinalco have signed a deal to develop an iron ore reserve in the West African country of Guinea. The nonbinding joint venture agreement covers rail and port infrastructure as well as the Simandou mine itself, the Anglo-Australian miner ...

Anglo-Australian mining giant Rio Tinto and China's state-owned Chinalco have signed a non-binding agreement to jointly develop Guinea's massive Simandou iron ore project, Rio said on Friday. Chinalco will pay 1.35 billion US dollars for an initial 47 percent stake in the project, which is pushing forward after Rio snubbed a major cash injection from the Chinese ...

Australia expressed disappointment Thursday that charges of stealing business secrets against one of its citizens would be tried in a closed court in China, and some lawmakers doubted the mining executive involved would get a fair hearing. Australian national Stern Hu is one of four ...

Australian Rio Tinto executive Stern Hu will face trial in China next week accused of industrial espionage and receiving bribes, the government in Canberra said Wednesday. Australia said it was pleased that the case of Hu was moving to trial, eight months after he and three other employees of the Anglo-Australian miner were arrested in Shanghai during fraught iron ore ...