Mining Giant Rio Tinto Investing In Mineral Exploration In Zambia

Rio Tinto a leading global mining group says it is investing in mineral exploration in Zambia.

Rio Tinto which has been doing extensive mineral exploration in Zambia also is hopeful that they would embark on developing a mine once exploration is successful.

Company Director of Exploration, Dr. Ken Tainton said the company is focused on finding and mining copper and cobalt in Zambia and is hopeful that the current exploration work will result in mine development.

Speaking when he met the Zambian team, Dr. Tainton said the company is spending $250 million dedicated to mineral exploration world-wide, and that the substantial amount was being spent in Zambia.