Rio Tinto and Minmetals have formalised a Joint Venture Contract to establish a 50:50 joint venture to explore for world-class mineral deposits in China. It follows a Technical Collaboration Contract signed in November 2017 when both companies committed to a collaborative partnership in mineral exploration.

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Image source ©Rio Tinto

Rio Tinto Chief Executive J-S Jacques sees the formalisation of the exploration joint venture as an important milestone in Rio Tinto’s growing partnership with China and Minmetals.

“Our complementary strengths in exploration put us in the best possible position to find metals and minerals essential to human progress”, said Mr Jacques.

China Minmetals Corporation president Guo Wenqing said, “The collaboration is very significant to Minmetals. Rio Tinto has rich prospecting experience and great discoveries worldwide, while Minmetals has solid technical expertise and extensive experience – the two strong partners will drive breakthroughs, pioneer progress, and promote the exchanges and collaboration of the global resource industry.”

The immediate priority for the joint venture will be mineral targets in China that are identified under the Technical Collaboration Agreement. Future collaboration will expand to exploration of global resources.

The registered capital of the joint venture will be RMB200M (US$31.3 million) with initial contributions of RMB35M (US$5.5 million) by each party within approximately six months of establishment of the joint venture. Any further capital contributions will be subject to unanimous approval of the parties and linked to agreed target areas.


力拓与五矿组建合资企业

力拓和五矿集团签署了一项合资合同,成立一个50:50的合资企业,在中国勘探世界级的矿藏。此前,力拓与五矿于201711月签署了技术合作协议,正式确定了双方在矿产资源勘探领域的合作关系。

力拓首席执行官夏杰思表示,此勘探合资公司的成立是力拓加强与中国合作的重要里程碑。

“我们在勘探领域的优势互补极利于我们发现推动人类进步的金属和矿物,”夏杰思先生表示。

五矿集团总经理国文清表示:“此次合作对中国五矿具有重要的意义。力拓勘探团队在全球范围内具有丰富的找矿经验和显著的业绩,五矿勘探团队也具有坚实的技术和经验支撑,双方强强联合必将有力推动找矿突破和取得积极进展,也有利于发挥行业的引领示范作用,推动全球资源勘探行业的交流与合作。”

该合资公司将优先在根据双方技术合作协议所选定的国内靶区中找矿。今后双方的合作将再扩展到全球范围内的资源勘探。

合资公司的注册资本为人民币2亿元(3130万美元),在合资公司成立后约六个月内,各方将分别注入人民币3500万元人民币(550万美元)的初始资本金。后续资本金将根据双方共同选定勘探的靶区,经双方一致批准后投入。

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