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  1. Chinalco rules out bigger Rio Tinto stake after US$14b deal

    Posted Feb 05th 2008, 12:00am by Denise Tsang

    ... Denise Tsang The president of state-owned Aluminum Corp of China (Chinalco) yesterday ruled out any plans to raise the company's stake in Rio Tinto after its US$14 billion share purchase last week threatened to kill BHP Billiton's bid for the global mining giant. Describing the investment as strategic, Chinalco president Xiao Yaqin said yesterday in Sydney ...

  2. Australian competition watchdog gives Chinalco's Rio deal all-clear

    Posted Feb 28th 2008, 12:00am by Carol Chan

    ... Carol Chan Australia's competition body says it will not block the US$14 billion purchase of a stake in mining giant Rio Tinto by Aluminum Corp of China (Chinalco) and Alcoa, easing fears the deal could face regulatory hurdles. The Australian Competition and Consumer Commission began an informal review into the 12 per cent stake purchased in Rio by Chinalco and Alcoa ...

  3. Chinalco stymied on Rio Tinto bid

    Posted Feb 18th 2008, 12:00am by Staff Reporter

    ... at the time of the acquisition that it had no intention of doing so. The statement now binds the company to a half-year 'quiet period', according to a source. 'When Chinalco talked ... are persons working in concert with them, for six months. Chinalco, as Aluminum Corp is known, and US partner Alcoa had agreed to buy as much as a 14.9 per cent stake in Rio Tinto, according ...

  4. US$14b Rio deal loads up Chinalco portfolio

    Posted Feb 02nd 2008, 12:00am by Staff Reporter

    ... overseas acquisition but transforms Chinalco into a diversified mining company. 'Rio is just not about iron ore,' Everbright mining analyst Wayne Fung said. 'Chinalco is transforming from a pure aluminium play into other metals like copper, tin, titanium and other kinds of production.' Chinalco in August last year completed an US$860 million takeover of Peru Copper, ...

  5. Rio Tinto wants state firms in mine projects

    Posted Apr 04th 2008, 12:00am by Carol Chan

    ... Carol Chan Rio Tinto Group, the world's third-largest mining company, said it would like to work with state-owned firms such as Aluminum Corp of China (Chinalco), its biggest ... bring in capital or had access to infrastructure. Joint-venture partners could include Chinalco, which this year spent US$14 billion buying a 9 per cent stake in Rio Tinto with Alcoa ...

  6. Bidders consider trio of Rio Tinto options

    Posted Dec 24th 2007, 12:00am by Staff Reporter

    ... tie-up, faces formidable roadblocks. 'It still requires a consortium, and the question is can you get everyone to unite? Does Shenhua want to lead it? Does Chinalco lead it? How do you break ... to a report in the Sunday Telegraph at the time. CDB denied the move. Spokespeople at Baosteel, Shougang, Chinalco and Shenhua could not be reached for comment. ...



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