SYDNEY AFP — China's state-owned Chinalco said Monday it had no plans to increase its stake in miner Rio Tinto after acquiring 12 percent of the London-listed arm of the company in a joint share raid with Alcoa Inc. Chinalco president Xiao Yaqing told reporters in Sydney that the...
AsiaInfo Services 03-20-2008 Chinalco, Alcoa Eyeing More Rio Tinto Shares BEIJING, Mar 20, 2008 SinoCast via COMTEX -- Aluminum Corporation of China Chinalco is brewing to team up with its partner Alcoa Inc.to buy more shares of Rio Tinto. Ch AsiaInfo Services...
AsiaInfo Services 02-18-2008 Chinalco, Alcoa to Raise Holding in Rio Tinto BEIJING, Feb 18, 2008 SinoCast via COMTEX -- Aluminum Corporation of China Chinalco and US-based Alcoa Inc. (NYSE: AA) plan to increase holdings in Rio Tinto Company, an AsiaInfo Services 02-18-2008...
NEW YORK -- Alcoa Inc. (NYSE: AA) announced today that it is partnering with Aluminum Corporation of China ("Chinalco") to acquire 12 percent of the UK common stock of Rio Tinto plc. Alcoa will contribute up to $1.2 billion to the total investment.
AsiaInfo Services 02-06-2008 Rio Tinto Sold 12% Stake to Chinalco, Alcoa BEIJING, Feb 06, 2008 SinoCast via COMTEX -- Aluminum Corporation of China Chinalco and US-based Alcoa Inc. (NYSE: AA) have recently bought a 12% stake in Rio Tinto Compan AsiaInfo Services ...
SYDNEY AFP — BHP Billiton needed to follow China's lead and pay a substantial premium for Rio Tinto shares if it wanted to take over the world's largest miner, Rio chairman Paul Skinner said Thursday. Skinner told Rio Tinto's annual general meeting that BHP's 147 billion US dollar takeover...
BEIJING AFP — Aluminium Corp of China and US giant Alcoa have agreed to pay 14.05 billion dollars for 12 percent of Anglo-Australian mining giant Rio Tinto plc, Chinese state media said Friday. "It is the largest overseas investment ever made by a Chinese enterprise," Xinhua news agency reported,...
ASouthern Cross Healthcare 152p (up 32p, 26.67 per cent) 31m sale and long-term leaseback of freehold properties. AAricom 46.5p (up 4.75p, 11.38 per cent) Completes titanium sponge joint venture with Chinalco. ABritish Airways 251p (up 3.25p, 1.31 per cent) EC to investigate proposed link with American...
SYDNEY AFP — Australian shares in Rio Tinto hit a three-week high and closed up more than 1.0 percent on Monday, after the government approved a China-owned company's acquisition of a strategic stake in the miner. Chinalco, with Alcoa Inc of the US, paid 14.1 billion US dollars for...
Jeffrey Lin submits: Sure, why wouldn’t Australia approve of Chinalco’s ACH stake in Rio Tinto RTP? Australia’s wealth has grown like a weed thanks to its biggest customer, China, and China’s buying of Australia’s commodities. So why not play buddy buddy with your biggest customer? Sure, other...
