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Guo Wenqing Meets Jean-Sebastian Jacques, CEO of Rio Tinto Group

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On August 22, Mr. Guo Wenqing, China Minmetals’ President and MCC Chairman, met with Mr. J-S Jacques, Rio Tinto Chief Executive Officer and his delegation in Beijing. The two sides had in-depth and friendly talks on further cooperation in the international mining field.

Mr. Guo expressed his welcome to Mr. Jacques and introduced the business development of China Minmetals in recent years including the business performance in the first half of this year. Guo pointed out that our operating performance has grown steadily with improved business situation and good development achievements. Due to the support of our government on the integration of the non-ferrous metal industry, we put the metal mineral industry in a more prominent position as the leading metal mineral enterprise in China, aiming to ensure the supply of national metal resources and becoming the world-class metal mineral enterprise, which has laid a good foundation for the future deep cooperation and common development of China Minmetals and Rio Tinto.

Guo Wenqing stressed that Rio Tinto is one of the world's largest suppliers in resources and minerals, which has maintained good communication and close cooperation with China Minmetals for many years. In recent years, we have strengthened the strategic layout of domestic mineral resources as well as the international mining cooperation and resource development.Minmetals Rio Tinto Exploration Co., Ltd, the joint venture of China Minmetals and Rio Tinto in the field of exploration, has been officially registered and licensed, opening a new era for the future cooperation between China Minmetals and Rio Tinto. It is hoped that we will further strengthen the exploration and development of international and domestic resources, expand the depth of iron ore trade cooperation with the support of Caofeidian 100-million-ton international ore trading center, actively explore feasible models in terms of e-commerce and technical cooperation, and promote the substantive cooperation in key areas to bear fruit at an early date for the mutual benefit and win-win development.

Mr. Jacques expressed his gratitude to Mr. Guo Wenqing for his warm reception and long-standing support, and gave a brief introduction of Rio Tinto's business operation in the first half of the year. He said that Rio Tinto has been confident in the sustained and steady development of China's economy despite the complexity and variability of the current international economic situation. It will never be changed that China Minmetals is one of Rio Tinto's most sincere and important partners with whom the cooperative has never stopped and will continue to strengthen. The registration and establishment of Minmetals Rio Tinto Exploration Co., Ltd, is a major breakthrough in the mining field. It is hoped that the two sides will take this opportunity to give full play to their respective advantages, strengthen communication and docking in such fields as iron ore trade, domestic resource exploration, overseas resource development, e-commerce platform so as to promote the deep integration and development of the both sides in the world metal mining field.

The two sides also conducted extensive discussions on other innovative modes of cooperation.

Jiao Jian, Deputy General Manager of China Minmetals, attended the meeting. The relevant personnel of Rio Tinto Group, including Tao Si, Ren Binyan, Yuan Ling, Nan Lihui, Pei Lisha, Zou Jialun, were present at the meeting, together with the relevant personnel of China Minmetals’ headquarter departments and directly-managed enterprises, namely Wang Jionghui, Zhang Ye, Xue Fei, Xing Yan and Liu Qingchun.

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