American Borax Company originated in Death Valley, California, and discovered borate deposit in 1872. At that time, the company used 20 mule teams to transport ore from the distant desert, which has become a symbol of the company's innovative spirit.
Since the beginning of 2 1 century, American Borax Company has been recognized as the world leader in borate technology, research and development. The company's technical support to customers, product quality and reliable supply ability strongly support the company's business commitment. The company also ensures that its practices and products are sustainable from the perspectives of sociology, environmentalism and economics.
Borax USA is a member of Rio Tinto Group.
Rio Tinto is a world leader in the exploration, exploitation and treatment of the earth's mineral resources. The group's business around the world supplies all kinds of important minerals and metals to help meet global demand and improve people's living standards. Rio Tinto encourages distinctive local characteristics and forms the concept of entrusted management, that is, entrusting rights and obligations to the place of production.
In order to bring long-term rich returns to shareholders, Rio Tinto takes a long-term responsible attitude towards its business. Rio Tinto Group pays attention to developing first-class mineral deposits into large-scale, long-life and high-efficiency commercial operation institutions, so as to maintain its competitive advantage throughout the business cycle.
The main products include aluminum, copper, diamonds, energy products (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt and mica) and iron ore. The group's business covers the whole world, especially Australia and North America, and also has a large number of businesses in South America, Asia, Europe and South Africa.
No matter where Rio Tinto operates, health and safety are the top priorities. Rio Tinto Group is committed to contributing to sustainable development. Rio Tinto works as closely as possible with the host country and its communities, and abides by local laws and customs. Rio Tinto employees at all levels employ local employees and ensure that they enjoy fair and equal benefits and promotion opportunities. Shipping is one of Rio Tinto's important businesses. The total volume of bulk cargo exported by the operating agencies of the Group is close to 245 million tons each year, accounting for 65,438+00% of the global dry bulk shipping business. In addition, the group transports about 35,000 containers every year.
Rio Tinto firmly believes that customers' goods must be delivered in a safe, competitive, reliable and sustainable way, whether on FOB or CIF basis. Rio Tinto Shipping Company is responsible for understanding and managing various risks involved in this major logistics task. Its mission is to provide core competitiveness for all operating departments of Rio Tinto Group in all aspects of shipping business. In the transportation cost of many products of Rio Tinto Group, ocean transportation accounts for a high proportion. Therefore, the company has been trying to find ways to improve the efficiency of the supply chain and create greater value for customers through innovative logistics solutions. About 30% of Rio Tinto's products are sold by delivery, and its freight risk is controlled by Lituo Shipping Group. On February/KOOC-0/2, 2009, China Aluminum Company signed a strategic cooperation agreement with Rio Tinto, and Chinalco invested/KOOC-0/9.5 billion US dollars in Rio Tinto. Among them, US$ 654.38+0.23 billion was used to form a joint venture company with Rio Tinto Group at the level of iron, copper and aluminum assets, including Rio Tinto's eight core assets; Subscribe to issue subordinated convertible bonds of $7.2 billion. After the bond conversion, Chinalco's share of the total shares of Rio Tinto Group will increase from 9.3% to 65,438+08%.
On June 5, 2009, the much-watched Chinalco-Rio Tinto cooperation case was finally confirmed by both parties to the transaction and ended in a breakup. Chinalco confirmed that the board of directors of Rio Tinto Group has revoked the recommendation for the transaction of US$ 654.38+09.5 billion between the two parties, and will pay the breakup fee of US$ 654.38+09.5 billion to Chinalco according to the agreement. This means that the largest overseas investment transaction of China enterprises so far has been rejected. BHP Billiton
On June 5, 2009, BHP Billiton, the world's largest mining company, and Rio Tinto, the third largest mining company, reached an agreement on the joint venture of iron ore business in Western Australia.
According to the statement issued by both parties, BHP Billiton and Rio Tinto will each hold 50% of the equity of the joint venture company, and BHP Billiton will pay Rio Tinto $5.8 billion to acquire the above equity. It is reported that the synergy generated by the merger will save at least $654.38+00 billion for the two companies.
Du Lishi, chairman of Rio Tinto, said in a statement that the joint venture will establish an unparalleled iron ore business, and its assets and infrastructure will reach world-class level. Anders, chairman of BHP Billiton, also said that the joint venture between the two sides has opened a new stage of cooperation based on the advantages of world-class resources. 20 14,6543816, some media disclosed that Rio Tinto of Australia and Glencore of Switzerland intend to merge in 2014, and the merged new company will become the largest mining company in the world.
It is reported that Glencore has communicated with China Aluminum in recent weeks to evaluate this potential transaction. The latter is the largest single shareholder of Rio Tinto, holding 9.8% shares of Rio Tinto. As of 20 14, 1416 October, neither company has made contact with this potential transaction, nor has it given a substantial quotation. The market predicts that the two sides will not take any substantive actions before the end of 20 14.