Rio Tinto is looking for copper in Kazakhstan
20.04.2012/XNUMX/XNUMX Melbourne / Astana - The Australian mining company Rio Tinto is planning investments in the Asian country in order to broaden its base of copper reserves.
The company said it intends to spend about 100 million dollars in Kazakhstan later this year to carry out exploration work in the country. We are looking for the abundant red metal copper in the region. The exact beginning of the activities is not fixed yet. But if the search is successful, Rio Tinto expects to make more than $ 1 billion worth of mining to mine.
Half a local partner on board
As has been further communicated, the group is starting with a Kazakh partner in a joint venture. This is a state fund, which has the increase of national wealth to the task. Both sides would each receive 50% of the project.
(Www.emfis.com)
