Rio Tinto and Chinalco sign Africa mining deal
Updated
Mining giant Rio Tinto and China's state run Chinalco have signed a deal to develop what's described as the world's best undeveloped source of iron ore in Africa.
The deal involving Guinea's Simandou mine is worth one-point three billion US dollars.
It comes just days before four of Rio Tinto's staff including Australian Stern Hu go on trial for alleged bribery and industrial espionage.
Last June the Anglo-Australian mining company rejected a 19 billion US dollar cash injection from Chinalco, angering some Chinese commentators.
Presenter: Christine Webster
Speakers: Alan Oxley Director of Australia's I-T-S Global consultants
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