The new agreement provides Altura with a more diverse customer base and locks in 100% of planned production from the recently commissioned flagship Altura Lithium operation located at Pilgangoora in Western Australia.
The Mining division’s foray into China follows the launch of its Channel Partner Program earlier this month.
The two firms have agreed to work together on possible acquisitions and share expertise in mining technology.
Rio Tinto and Minmetals formalise the establishment of a JV contract which will see mineral exploration in China.
“Stable policy and continued access to resource will continue to underpin the sector’s contribution not only to Queensland exports, but the wider economy and employment,” says QRC.