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Rio Tinto and Chinalco will explore a partnership to bring forward the next era of mining technology aimed at delivering significant value and re-shaping industry best practice.

Rio Tinto chief executive Sam Walsh and Chinalco president Sun Zhaoxue captured their intent in a Memorandum of Understanding (MoU) signed in Beijing.

Under the MoU, the parties aim to draw on their respective strengths to expedite the development of new mining technology and further develop Rio Tinto's Mine of the Future programme.

The collaboration brings together Rio Tinto's acknowledged global leadership in partnering to deliver mining innovation with the resources and expertise of Chinalco's world-class research and development centres. The aim is to develop and deploy leading-edge technology to create safer working operations, improve environmental performance and increase the productivity of mining operations.

The focus will be on enhancing the value of both companies' partner networks by allowing new ideas to be developed and applied at a faster pace and, at a lower cost.