Rio Tinto(US:RIO) Wen Hua Cai Jing·2025-05-13 13:31Group 1 - Codelco and Rio Tinto announced a new collaboration agreement to accelerate the potential development of mining areas around Nuevo Cobre in the Atacama region of Chile [1] - Nuevo Cobre is a joint venture between Rio Tinto (57.74%) and Codelco (42.26%), established in 2023 to explore and develop mineral resources located 10 kilometers southeast of the Potrerillos smelter [1] - The agreement includes the formation of a joint committee, with both companies providing equal funding for a 12-month preliminary concept study, which may be extended [1] Group 2 - The collaboration aims to maximize the value of the region, effectively develop mineral resources, and explore synergies and opportunities related to infrastructure [2] - The study will focus on development pathways while considering the highest social and environmental standards, local community interests, and the development of the Atacama region [2] - Codelco's chairman emphasized that collaboration is fundamental to sustainable mining and is the best way to address increasingly challenging project demands [1]