Background: The Aluminum Corporation of China, or Chinalco, has formalized a joint venture with Rio Tinto to develop iron ore in Africa. It brings the listed state-run arm "Chalco", into the project as it moves to diversify beyond its core aluminum business. Full story >>
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We are now joined by our current affairs commentator Gregory Yingnien Tsang.
Q1. Hell Mr. Tsang. It was a year ago, Chinalco and Rio Tinto refused to talk after relations soured. But now they are experiencing what looks like a honeymoon. What made this change possible?
Q2. Whenever China expands its reach to overseas resources market, there'll be jitters and renewed concerns over China's demands for raw materials and energy. Shortly after Chinalco and Rio signed their deal, some analysts voiced concerns on Chinalco putting pressure on Rio Tinto to explore African mining resources. What are your thoughts?
- Chinalco, Rio Tinto get closer 2010-07-30