On 12 February 2009 the board of Rio Tinto Rio hereafter announced that it had struck a deal of $ billion with CHINALCO This was by far the largest deal in Chinese and Australian
THE future of Rio Tinto s Yarwun alumina refinery in Queensland is in doubt after Chinese resource giant Chinalco refused to confirm its funding for the project s much needed expansion until the
5 Chinese state owned aluminium group Chinalco will invest $ billion billion pounds in miner Rio Tinto in a deal that will secure resource supplies for China and help cut Rio s debts
The Aluminum Corporation of China Chinalco and US aluminum producer Alcoa on Friday bought a 12 percent stake in Rio Tinto the world s third largest mining company The total price of the acquisition stood at $ billion the largest overseas investment ever made by a Chinese enterprise
Aluminum Corp of China and Rio Tinto signed a $ deal on Thursday that allows the Chinese state owned miner to buy in to a rich iron ore project in Guinea in a move that places both mining
Xiong said Chinalco maintained that the deal would be a good opportunity to create value for the shareholders of Rio Tinto and would pave the way for long term strategic cooperation between the
According to our information on September 10 Abdoulaye Magassouba the minister of mines and geology in Conakry reportedly sent both Australia s Rio Tinto and China s Chinalco a letter in which he makes it clear that he is willing to draw whatever conclusions he feels necessary over their handling of the Simandou iron ore project Chinalco a subsidiary of
The political backlash to Chinalco s audacious tilt at Australian diversified miner Rio Tinto got the most headlines But as with any major deal the biggest reason for Beijing s failure to get
Chinalco and Rio Tinto A Long March for China s National Champions Volume 199 1 Yao Shujie China will learn from Chinalco s failed deal Financial Times 8 June 2009 p 11 Google Scholar 2 2 Ironically this was in part
4 Chinese state owned aluminum group Chinalco will invest $ billion in miner Rio Tinto <> in a deal that will secure resource supplies for China and help cut Rio s heavy debt but also raise
Ahead of their trip to Conakry on December 4 to explain to the Guinean government how they intend to develop blocks 3 and 4 of the Simandou iron ore project representatives of Australian mining giant Rio Tinto and China s Chinalco are understood to have asked to meet with Socit minière de Bok SMB This joint venture between Singapore s
Investment Review Board FIRB will give the go ahead to the Chinalco deal and to other deals under consideration like the agreement of Fortescue Metals Group FMG with Hunan Valin and Steel End Summary Chinalco Rio Tinto deal will go through in some form and that more Chinese investment activity is likely to follow over the
Under the deal the company known as Chinalco will buy $ billion worth of bonds convertible into Rio Tinto stock and pay $ billion in cash for stakes in Rio Tinto s aluminum iron ore
Rio Tinto and Aluminium Corporation of China Chinalco have terminated an exploration joint venture after six years of searching unsuccessfully for copper in China Chinalco confirmed on Wednesday
So BHP Billiton and Rio Tinto are pushing ahead with the $116bn merger of their Western Australian iron ore operations a plan first flagged in The miners aim to combine their Pilbara
SYDNEY Anglo Australian miner Rio Tinto PLC on Friday ended its $ billion deal with Chinese company Chinalco instead saying it plans to raise $ billion in a share sale Rio Tinto Chairman Jan du Plessis said in a letter to shareholders the planned deal with Chinalco was now dead and his company would pay it a $195 million break fee
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
Mining giant Rio Tinto completes a deal with Chinese firm Chalco to enter a joint venture in West Africa Chinalco which has a 9% stake in Rio will invest $ £860m in the Simandou
Guinea s ruling junta has signed an agreement with Rio Tinto and its partners after settling infrastructure disputes to restart activities at the Simandou iron ore deposit reported Guinea Mines Minister Moussa Magassouba was cited by the news agency as saying on state television that the framework agreement had been signed between the government
Chinese state owned metals firm Chinalco might revise its planned $ billion R157bn investment in Rio Tinto before a June 14 deadline to avoid further delays in Australian government approval
4 According to the agreement the investment will include about $ billion for the procurement of convertible bonds issued by Rio Tinto in a net interest rate of 9 percent which would if converted allow Chinalco to increase its existing shareholding to 19 percent in Rio Tinto plc and percent in Rio Tinto Limited or an equivalent of 18
