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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1290)11/8/2003 2:11:03 PM
From: RealMuLan  Read Replies (1) of 6370
 
Rio Tinto cools on China mining

AFP - Rio Tinto, the world's second largest miner, said its interest in tapping China's huge natural resources has waned with market protectionism and logistics difficulties forcing it to focus on shipping minerals into the country.

"Over the past three years Rio Tinto's expectations from the market have become more realistic," Rio Tinto's chief economist David Humphreys said on the sidelines of the World Economic Forum's China Summit in Beijing.

news.ninemsn.com.au
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