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chinalco

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Alcoa hasn't outlined strategy for Rio Tinto
Rio Tinto Group Chief Executive Officer Tom Albanese has said he doesn't know why Alcoa Inc. invested $1.2 billion in a venture to buy 9 percent of Rio after the two companies failed to hold talks on the deal. Aluminum Corp. of China and Alcoa bought a $14...
Tags: Alcoa Inc., BHP Billiton Ltd., Chinalco, Rio Tinto
Research articles 2008-02-25

Additional Resources

CHINALCO, ALCOA TO RAISE HOLDING IN RIO TINTO
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...
Tags: Alcoa Inc., RIO TINTO
Research articles 2008-02-18
RIO TINTO SOLD 12% STAKE TO CHINALCO, ALCOA
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 ...
Tags: Alcoa Inc., RIO TINTO
Research articles 2008-02-06
CHINALCO, ALCOA EYEING MORE RIO TINTO SHARES
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...
Tags: Alcoa Inc., RIO TINTO
Research articles 2008-03-20
CHINALCO WON OVER CNY50BN CREDIT LINE
AsiaInfo Services 10-15-2007 Chinalco Won Over CNY50bn Credit Line BEIJING, Oct 15, 2007 SinoCast via COMTEX -- China Construction Bank Corporation (SEHK: 0939) and Bank of China Ltd. (SEHK: 3988) recently granted a credit line of CNY 28 billion and CNY...
Tags: Agricultural Bank of China, China Construction Bank
Research articles 2007-10-15
Chinalco says has no plans to raise Rio Tinto stake
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...
Tags: Agence France-Presse, Alcoa Inc., China, FINANCE, Government, Investment, Sydney
Research articles 2008-02-03
Chinalco's Investment in Rio Tinto: A Great Leap Forward
Alex Kateb submits: Chinalco, the Chinese state-owned metals and mining conglomerate, has made a decisive leap forward by agreeing to invest $ 19.5 bn in troubled mining giant Rio Tinto RTP. This move comes one year after Chinalco successfully acquired - jointly with the Alcoa AA group - a...
Tags: Materials/Industrials, Alex Kateb
External links 2009-02-12
Rio Tinto Fails to Calm Australian Anxiety over Chinalco Deal
Money Morning submits: By Don Miller Rio Tinto PLC (ADR:RTP) appointed a new chairman Tuesday in what was seen as an effort to calm political turmoil in Australia over its $19.5 billion tie-up with China’s Aluminum Corp. of China Ltd. (ADR: ACH), also known as Chinalco....
Tags: Materials/Industrials, China, Money Morning
External links 2009-03-18
Chinalco and Alcoa buy $14B stake in Rio Tinto
Aluminum Corp. of China and Alcoa Inc. bought a 7.2 billion- pound ($14 billion) stake in Rio Tinto Group to derail BHP Billiton Ltd.'s hostile bid for the world's third-largest mining company. Rio Tinto, which owns Kennecott Utah Copper, surged 17 percent in London trading, after Chinalco, as...
Tags: Alcoa Inc., BHP Billiton Ltd., Rio Tinto
Research articles 2008-02-02
Alcoa Inc. Partners with Chinalco to Acquire a 12% Stake in Rio Tinto
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.
Tags: Alcoa Inc., RIO TINTO
Research articles 2008-02-01
Rio Tinto Saved by Rally in Commodity and Equity Prices
Michael Young submits: Rio Tinto's RTP management have been busy this week. Unfortunately, they have been busy making the writer look like a fool. I made the mistake of interpreting management’s statement regarding the proposed strategic alliance with Chinalco, quoted verbatim from their 2008 annual report below, as their intention...
Tags: Materials/Industrials, Michael Young
External links 2009-06-07
China and Rio need return to normality
Over the past three months, the relationship between Rio Tinto and China has lurched from one crisis to the next. From the disintegration of a proposed investment in Rio by state-owned miner Chinalco, through painful negotiations over iron ore prices, to the eventual arrest of four Rio employees on charges...
Tags: Rio Tinto
News items 2009-08-20
Rio Tinto's Short Base Increases Dramatically
Jessica Johnson submits: Top institutional investors have told Rio Tinto RTP they will support a £9.3 billion [$15.3 billion] rights issue if the mining giant scraps its plans to sell an 18% stake to Chinalco, the Chinese mining giant and Rio’s biggest customer. Much of the fallout from...
Tags: Materials/Industrials, Data Explorers
External links 2009-06-13
China, US aluminium giants pay 14.05 bln dlr for Rio Tinto stake
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,...
Tags: Agence France-Presse, Alcoa Inc., FINANCE, Investment, MARKETING
Research articles 2008-02-01
Rio chief says BHP must be like China -- pay more
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...
Tags: Agence France-Presse, China, FINANCE, Investment, Rio
Research articles 2008-04-23
ICBidwatch: Rio gains a friend.
Plus all the news on Mitchells and Butler, and Northern Rock Jonas Crosland The battle for Rio Tinto, which had looked set to fizzle out, has instead taken a dramatic turn with the news that US aluminium producer Alcoa has teamed...
Tags: Alcoa Inc., Northern Rock Plc., Rio Tinto
Research articles 2008-02-01
Chinese Retaliation - Detained Rio Executive Should Make Us Nervous
Edward Harrison submits: Rio Tinto RTP was one of those companies which levered up just as the economy was turning down, rushing its bottom line and forcing it into the hands of Chinalco, a large Chinese commodities company. However, as commodity prices have turned up and investors have simultaneously...
Tags: China, Edward Harrison
External links 2009-07-08
Alcoa and Chinalco Partner to Sponsor Concert Marking 35th Anniversary of the Renewal of Relations Between the U.S. and China
Concert Part of The Philadelphia Orchestra's Anniversary Tour of Asia
Tags: Alcoa Inc.
Research articles 2008-06-02
Mining Giants: The Plot Thickens
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...
Tags: Materials/Industrials, Alcoa Inc.
External links 2008-08-25
Australia to assess China's Rio Tinto bid: PM
SYDNEY AFP — China's state-owned aluminium giant Chinalco's application to move to a 19.9 percent stake in Rio Tinto would be assessed on the basis of national interest, Australia's prime minister said Tuesday. "The reason we have Foreign Investment Review Board FIRB guidelines and a foreign takeovers act is...
Tags: Agence France-Presse, Alcoa Inc., Australia, Canberra, Rio, Sydney
Research articles 2008-02-04
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