Home / Comment

Rio Tinto upbeat on China capacity cuts

By Zheng Xin | China Daily | Updated: 2017-03-25 06:49

The head of global mining giant Rio Tinto Group Plc said China's move to trim overcapacity in its steel industry would benefit his group and others like it, instead of hurting their business interests.

CEO Jean-Sebastien Jacques said in Beijing that China's plans to cut more overcapacity was a good opportunity for the company because steel plants would resort to utilizing high-quality assets and higher-quality raw materials.

Jacques, head of the world's second-biggest mining company, said the government would shut down smaller and more polluting blast furnaces while switching to using the newest, largest blast furnaces.

Rio Tinto upbeat on China capacity cuts

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349