(Yicai Global) Nov. 11 -- China Mineral Resources Group, a state-owned mining giant, has signed strategic cooperation deals with three big international peers at this year’s China International Import Expo in Shanghai.
The three companies to join hands with China Mineral Resources were Brazil’s Vale, Australia’s BHP Billiton, and Rio Tinto, an Anglo-Australian firm, The Paper reported yesterday.
Formed in July in Xiong’an New Area, Hebei province, China Mineral Resources is mainly engaged in non-coal mineral resources mining, mineral selection, and metal ore sales and procurement.
China Mineral Resources and Vale will actively explore opportunities for cooperation in the mineral resources industry and supply chains and the development of green and low-carbon technologies and global mineral resources, the Brazilian company said.
The tie-up reflects China’s commitment to maintaining the resilience and stability of industrial and supply chains, which is not only beneficial to the domestic economy but also all countries and the global economy, Vale Chief Executive Eduardo Bartolomeo said.
BHP Billiton said it will jointly explore win-win development opportunities in the field of mineral resources with China Mineral Resources.
Rio Tinto said its partnership with the Chinese firm will focus on the iron ore and steel industry and supply chains, working together to build a stable supply chain, promote carbon reduction in the industry, and strengthen collaboration in the development of mineral resources.
The fifth CIIE was held in Shanghai between Nov. 5 and yesterday.
Editor: Futura Costaglione