GitHub

{"payload":{"allShortcutsEnabled":false,"fileTree":{"122":{"items":[{"name":"00 mercadolider 299.md","path":"122/00 mercadolider 299.md","contentType":"file"},{"name ...

Rio Tinto joins up with Chinalco to explore for copper

Beijing's go-ahead seems to draw a line under the troubled relationship between the Rio and China over past few years that began in 2008 with Chinalco's $12bn (£7.2bn) dawn raid that gate-crashed ...

Rio Tinto, Chinalco seal $19.5 billion deal, Reuters reports

HONG KONG (MarketWatch) -- Rio Tinto will sell $12.3 billion in assets to Aluminum Corp. of China, also known as Chinalco, and raise an additional $7.2...

Chinalco buys $1.5bn Rio Tinto shares

China's state-controlled Chinalco on Thursday confirmed it had taken up its full entitlement to Rio Tinto's $15.2bn share issue to maintain its 9 per cent shareholding …

Chinalco in talks with government over Rio Tinto stake

Mr Swan attached two conditions to his 2008 approval for Chinalco to buy a stake in Rio, with one condition stating the Chinese company could not raise its shareholding above 14.99 per cent ...

Chinalco – Rio Tinto deal: A case study of foreign direct

Chinalco will hold an 18 per cent interest in Rio Tinto and will be entitled to nominate two of the seventeen Rio Tinto board members (Rio Tinto 2009: 2). Rio Tinto is a global mining group with key assets and operations in Australia and North America. The Group's major mining products include aluminium, copper, and iron ore (Rio Tinto 2008: 4-9).

Rio Tinto, Chinalco Ink $20B Deal With Guinea For Iron Mine

The Republic of Guinea has signed a deal with partners Rio Tinto PLC, the Aluminum Corp. of China Ltd. and the International Finance Corp. to begin development of the long delayed $20 billion ...

Guinea, Rio Tinto sign deal to resume Simandou iron ore …

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 Reuters. Guinea Mines Minister Moussa Magassouba was cited by the news agency as saying on state television that the framework agreement had been …

Chinalco's 'great regret' at Rio deal collapse

Chinalco has expressed its disappointment at Rio Tinto's decision to scrap a $24.3 billion deal with the Chinese state-owned miner. Rio effectively replaced the deal with a 50-50 joint venture ...

In the end, Chinalco's deal with Rio Tinto foundered on …

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 ...

Why Rio Tinto's Guinea iron ore project is starting after 27 …

Rio Tinto will be looking at extracting about 1.5 million tonnes over approximately 26 years, with an average grade of about 65.3% iron with minimum impurities.

Rio Tinto to China: Thanks, But No Thanks

On June 5, Rio Tinto told Chinalco that their deal would not go through after all. It would, instead, float a rights issue to raise money needed to pay down a massive debt load, as well as enter into a joint venture with BHP Billiton — the mining giant that last year tried to buy Rio outright. Xiong, in a statement issued by Chinalco, simply ...

Rio Tinto and Chinalco form exploration JV

Rio Tinto and Chinalco will be positioning their drills in Mainland China, the two companies announced today, in a new exploration joint venture to operate under the name Chinalco Rio Tinto ...

Chinalco – Rio Tinto Deal: A Case Study of Foreign Direct Investment

In fact, what seems to have triggered Chinalco's part-offer for Rio Tinto was a November 2007 attempt by the Anglo-Australian mining giant BHP Billiton to acquire Rio Tinto with a 3 to 1 share ...

Rio Tinto Stands by Chinalco Deal

April 20, 2009 7:15 am. A global mining company, Rio Tinto, defended itself on Monday against shareholder criticism of its proposed $19.5 billion tie-up with China's state-owned …

Rio Tinto surges as Chinalco, Alcoa get big stake

ACH. -0.50%. LONDON (MarketWatch) -- Shares in Rio Tinto PLC surged as much as 17% on Friday after Alcoa Inc. and Aluminum Corp. of China said they'd …

Rio reiterates commitment to Chinalco deal | The West …

But shares in the miner bounced higher today as the company's response allayed fears the Chinalco deal might not go ahead. ... Rio shares were up $4.28, or 7.43 per cent, to $61.88. Rio Tinto said it was aware of ongoing market speculation that it might look for other alternatives to the proposed transaction with Aluminum Corporation of …

Chinalco to unveil Rio Tinto mystery deal | Financial Times

Rio abandoned the previously agreed deal with Chinalco in favour of a rights issue to cut its huge debt burden after the breakdown in talks about it being taken over by rival BHP Billiton.

Rio Tinto sells $19.5 billion in assets to China | Reuters

Chinese state-owned aluminum group Chinalco will invest $19.5 billion in miner Rio Tinto <RIO.L> in a deal that will secure resource supplies for China and help cut Rio's heavy debt but also ...

Rio Tinto £13bn deal with Chinalco set for go-ahead

RIO TINTO'S cash-for-mines-and-shares sell-out to Chinalco of China looked close to completion after it received important US clearances.

Chinalco buys $1.5bn Rio Tinto shares

China's state-controlled Chinalco on Thursday confirmed it had taken up its full entitlement to Rio Tinto's $15.2bn share issue to maintain its 9 per cent shareholding in the miner, despite ...

Rio Tinto fights back over Chinalco deal | Financial Times

Rio Tinto on Thursday defended its planned $19.5bn capital injection from Chinalco, the Chinese state-owned metals group, as criticism of the deal intensified …

Chinalco deal dead: Rio Tinto

The subscription prices of 1,400 pence per New Rio Tinto plc Share and A$28.29 per New Rio Tinto Limited Share are based on an equivalent price per New Rio Tinto plc Share and per New Rio Tinto Limited Share of US$22.94 converted into pound sterling and Australian dollars at the exchange rates published in the London edition of …

Chinalco content with stake in Rio Tinto

The purchase by Chinalco and Alcoa comes ahead of a UK regulator's Wednesday deadline for BHP to pitch a formal offer for Rio. But fund managers said a deal still hinged on BHP's willingness to ...

Rio Tinto and Chinalco sign Guinea iron ore JV | Reuters

Under the deal, Rio Tinto would put its current 95 percent holding in Simandou into the new joint venture. Chinalco would invest $1.35 billion for a 47 percent stake in the venture, an effective ...

Chinalco and Rio Tinto -- An Unhappy Ending

Chinalco and Rio Tinto -- An Unhappy Ending. Beijing lost a fair bit of face yesterday when Chinalco, a Chinese state-backed aluminum company, was forced to walk away from a $19.5 billion offer to ...

Rio Tinto confirms talks over Chinalco cash injection

Chinalco's stake in Rio would rise from 9% to at least 15% if new shares were issued. Rio stressed tonight that shareholders would have to approve any deal, as would regulators.

Rio Tinto and Chinalco sign $20bn Guinea iron ore deal

Rio Tinto, Chinalco and the International Finance Corporation have signed a deal to develop Guinea's iron ore deposits. The Simandou project, which has been delayed for years, would be the biggest ...

Why the Proposed CHINALCO Investment in Rio Tinto Failed

On 12 February 2009, the board of Rio Tinto (“Rio” hereafter) announced that it had struck a deal of $19.5 billion with CHINALCO. This was by far the largest deal …

Rio Tinto board gives go-ahead on Simandou iron ore project

Rio Tinto plans to invest $6.2 billion in the mine, rail, and port project in the Republic of Guinea, in collaboration with other companies, including five from China.

Rio Tinto Says Chinalco Deal Is Still Evolving

Global miner Rio Tinto says its $19.5 billion tie-up with China's state-owned Chinalco is an evolving deal and still subject to shareholder consultation, Reuters reports.. The deal has been criticized by shareholders who say Chinalco is being favored over other investors, and politicians in Australia who are worried the deal will give China influence …

Why the Proposed CHINALCO Investment in Rio Tinto Failed

On 12 February 2009, the board of Rio Tinto (“Rio” hereafter) announced that it had struck a deal of $19.5 billion with CHINALCO. This was by far the largest deal in Chinese and Australian corporate history. If this transaction was successful, the deal...

Chinalco-Rio unlikely to lessen competition

ACCC investigations concluded that Chinalco and Rio Tinto would be unlikely to have the ability to unilaterally decrease global iron ore prices below competitive levels, if the merger were to go ...

Rio Tinto scraps Chinalco deal

MELBOURNE (Reuters) -- Miner Rio Tinto scrapped a planned $19.5 billion tie-up with China's Chinalco struck at the height of a global financial crisis, turning instead to an iron ore joint venture ...

Rio Tinto surges as Chinalco, Alcoa get big stake

ACH. -0.50%. LONDON (MarketWatch) -- Shares in Rio Tinto PLC surged as much as 17% on Friday after Alcoa Inc. and Aluminum Corp. of China said they'd acquired a 12% stake in the mining giant that ...