Guinea

[Schneemann]

Rio Tinto signs mining deal with China's Chinalco

The Anglo-Australian mining company Rio Tinto says it has signed a deal with China to develop a massive iron ore mine in West Africa. China's state-backed metals group Chinalco will pay $1.3bn (£0.85bn) for 47% of the Simandou project in Guinea.

The tie-up comes amid tensions between China and Australia over next week's trial of four Rio employees on bribery and commercial spying charges. China has rejected requests for the trial to be fully open to diplomats.

The four accused, Australian Stern Hu and three Chinese colleagues, Wang Yong, Ge Minqiang and Liu Caikui, were arrested last June and go on trial in Shanghai on Monday.

Link: <!-- m --><a class="postlink" href="http://news.bbc.co.uk/2/hi/business/8575737.stm">http://news.bbc.co.uk/2/hi/business/8575737.stm</a><!-- m -->

Wegen des Guinea-Bezuges mal in diesem Thread, könnte aber durchaus auch in einen China-Thread.

Schneemann.