Rio Tinto has signed a MoU with the State-owned Assets Supervision and Administration Commission (SASAC) of China to develop executive training for Central State-owned Enterprise (Central SOE) leaders.
The two parties will work together to develop a programme to share best practice and capacity building in a board range of areas including stakeholder engagement, license to operate, environmental and economic assessments and community engagement, said the Australian mining group.
Rio Tinto CEO J-S Jacques said: “Our joint executive training initiative with SASAC is another way of delivering our commitment to developing long-term relationships with Chinese partners.”
SASAC chairman Xiao Yaqing said: “From a long-term point of view, this training program will be beneficial to deepen the mutual understanding between Rio Tinto and the Central SOEs to explore long-term win-win strategic cooperative opportunities.”
SASAC is the governing body responsible for supervising and managing the country’s state-owned assets.
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