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Mr. Guo Wenqing Meets with Rio Tinto’s Chief Executive Officer Jean-Sébastien Jacques

Mr. Guo Wenqing, China Minmetals’ President and MCC Chairman met with the visiting delegation led by Mr. Jean-Sébastien Jacques, Chief Executive Officer of Rio Tinto. The two sides had an in-depth discussion on further strengthening cooperation and exchanges.

Mr. Guo Wenqing welcomed the delegation led by Mr. Jean-Sébastien Jacques, reviewed the friendly cooperation between China Minmetals and Rio Tinto, and introduced the development after strategic reorganization of China Minmetals and MCC. Mr. Guo Wenqing said that after reorganization, China Minmetals is now the only state-owned capital investment company in China with managed assets of RMB 1.68 trillion and 200,000 staff members. China Minmetals aims at developing itself into a leading company in China and even the world in metal mining sector, and shoulders the glorious mission of ensuring the supply of metal resources in China. MCC has built blast furnaces for all domestic iron and steel companies and enjoys 90% domestic share and 60% of the global metallurgical construction market share. In 2017, China Minmetals focused on the long-term development of its main business, and deepened reforms to solve the problems left by history, laying a solid foundation for the company’s further development in 2018. Currently, China Minmetals is actively promoting the project planning and construction of the 100 million-ton international ore trading center in Caofeidian area, which will help to solve the environmental issues brought about by the iron ore transaction and to establish and maintain sound trade order.

Mr. Guo Wenqing empathized that China Minmetals is ready to strengthen exchange and cooperation in exploration and trade sectors, tap into cooperation potential and expand cooperation scope to achieve substantial progress and breakthrough as soon as possible so as to promote the healthy and sustainable development of the metal mining industry in the world.

Mr. Jean-Sébastien Jacques extended his gratitude to Mr. Guo Wenqing for his hospitality and reception. He reviewed the meeting between the two sides in Singapore last year and introduced Rio Tinto’s business performance and development approaches in 2017. He expressed that in the new year, the metal mining market and capital market will encounter more severe fluctuation and face greater challenges and uncertainties. Rio Tinto is willing to strengthen the communication mechanism with China Minmetals, refine the cooperation program, deepen the cooperation, strive to obtain inspiring achievements and achieve mutual benefits and win-win results.

At the meeting, the two sides also had a discussion on the implementation of the “Belt and Road” Initiative and other topics of common concerns.

Mr. Zhang Zhaoxiang, China Minmetals’ Vice President and MCC’s President attended the meeting. Others presented at the meeting included Simone Niven, Ren Binyan, Yuan Ling, Nan Lihui and Natasa from Rio Tino and Wang Jionghui, Zhang Ye, Liu Qingchun, Gao Xiaoyu and Xing Yan from Office of Board of Directors of China Minmetals, Minmetals International Trust Co., Ltd., Minmetals Development Co., Ltd. and Minmetals Exploration and Development Co., Ltd.