The world's biggest aluminum producer, Rio Tinto Alcan sees
China's growing aluminum market as an opportunity to expand
business.
"Rio Tinto has to some extent ignored the Chinese market before
the acquisition of Alcan. But the strong development of aluminum
industry has attracted us to look for more business opportunities
here," said Jean Pierre Paillot, Rio Tinto Alcan's President of the
Chinese market.
Paillot said the Rio Tinto Alcan has established a regional
headquarter for China in Shanghai a few months ago, and he
personally has toured around some aluminum-rich provinces in the
country looking for investment deals.
"Rio Tinto may pick Guangxi as the first choice for cooperation,
because the region is rich in aluminum, hydro-power, land, and
labor resources," Paillot said when meeting with Guo Shengkun,
deputy chairman of Guangxi Zhuang Autonomous Region at the
sidelines of the ongoing China-ASEAN Expo.
Alcan joined Rio Tinto as 79.4 percent of its shares were
tendered to the London-based miner earlier this month. The
acquisition makes Rio Tinto the world's largest aluminum producer,
ahead of Russia's UC Rusal.
(Xinhua News Agency October 31, 2007)
