Rio Tinto, Chinalco Sign China Exploration Joint Venture Accord

Aluminum Corp. of China, parent of China’s biggest aluminum producer, and Rio Tinto Group agreed to jointly explore for and develop mining projects in China.

Aluminum Corp., known as Chinalco, and London-based Rio signed the agreement in Beijing today, according to a statement handed out at the event. Beijing-based Chinalco is Rio’s largest shareholder.