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Rio Tinto planning to build China relationship

Bloomberg reported that Rio Tinto Group, the world’s third largest mining company planned to build its relationship with China, even as four of its employees face charges of obtaining trade secrets and bribery.

Mr Guy Elliott CFO of Rio Tinto said “We would like to build relationships with China and I think that can take place over a number of different areas.”

He said that “It is therefore in both the interests of Chinese companies and in Rio Tinto interests to find a way of continuing and hopefully expanding the trade that we have between us. Aluminum Corp. of China, known as Chinalco, is Rio’s largest shareholder.”

Mr Elliott said “Our concern is with the individuals themselves and it would be inappropriate of me to comment on what is now a judicial process. The company viewed the matter “with great concern.”

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