Rio Tinto, the mining group, has scrapped a controversial $19.5 billion (£12 billion) deal with China and is preparing a rights issue that could raise as much as $15 billion.In a dramatic twist to
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Chinese state-owned aluminium group Chinalco will invest $19.5 billion (13.6 billion pounds) in miner Rio Tinto in a deal that will secure resource supplies for China and help cut Rio's debts.
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Mining giant Rio Tinto has decided to reject a $19.5 billion deal to sell part of itself to Chinalco, and will instead launch a massive rights issue and a joint venture with rival BHP...
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Chinalco will hold a 51% interest in the new company, with Rio Tinto retaining 49%. "The formalization of our exploration JV is an important milestone in the expanding relationship between Rio ...
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HONG KONG (MarketWatch) -- Rio Tinto reached a landmark agreement Thursday with Aluminum Corp. of China, which will invest $19.5 billion in a deal that gives the …
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Chinese mining group Chinalco said on Friday it had teamed up with U.S. aluminum producer Alcoa <AA.N> to buy a 12 percent in Rio Tinto <RIO.L>.
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A Rio Tinto está em negociações com a produtora de alumínio chinesa Chinalco sobre um grande investimento que poderia ajudar a mineradora anglo-australiana a minimizar sua perigosa carga de endividamento, em meio à queda nos preços dos metais. Num comunicado distribuído na noite deste domingo, a Rio Tinto confirmou as negociações, …
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HONG KONG (MarketWatch) -- Rio Tinto reached a landmark agreement Thursday with Aluminum Corp. of China, which will invest $19.5 billion in a deal that gives the miner access to much-needed...
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Chinalco and Rio Tinto -- An Unhappy Ending. Published Jun 05, 2009 at 12:22 PM EDT Updated May 18, 2010 at 4:27 PM EDT. ... The demise of the Rio Tinto deal was ultimately about business. During ...
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5 The price Chinalco paid to Rio Tinto was about $120/share (or £60/share) in February 2008. Shujie Y ao, Dylan Sutherland and Jian Chen Asia-Paci c Journal of Accounting & Economics 17 (2010 ...
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Rio Tinto says Australian government limits on Chinalco's shareholding are not the reason it paid a special dividend rather than announce a fresh share buyback. ... Mr Swan attached two conditions ...
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The . collapse of the planned $19.5bn investment by Chinalco in Anglo-Australian miner Rio Tinto is a serious blow to China's self-esteem. The state-backed aluminium …
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Rio Tinto shares rose 5 per cent on Monday after the heavily-indebted mining group confirmed it was holding talks with Chinalco, the Chinese aluminium producer, about a cash injection.
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A little over a decade ago, Rio Tinto Group was reeling from the impact of disastrous investments. First, the bruising top-of-the-market purchase of aluminum group Alcan, and then the ill ...
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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...
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The Chinese Government is set to exert powerful influence over Rio Tinto after its $19.5 billion (£13.5 million) investment in the miner, new details revealed yesterday. The smallprint of the
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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.
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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 with rival …
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Mining giant Rio Tinto's joint venture with Chinese state-owned resources company Chinalco has been cleared by the Beijing government to begin exploring for copper in the country.
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Rio Tinto has announced the fulfilment of all conditions necessary for the development of the Simandou iron ore project in Guinea. This includes the receipt of approvals from Guinean and Chinese ...
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Rio Tinto and Chinalco have also identified future areas of co-operation, all of which will be subject to formal agreement by the strategic alliance committee and the Boards of Rio Tinto. The strategic alliance committee will also establish a pro-rata jointly-owned bauxite marketing venture. The strategic alliance would market a proportion of ...
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Chinalco Rio Tinto Exploration is a joint venture between Rio Tinto and Chinalco which was announced in June 2011 at a joint signing ceremony in Beijing. In a media release Rio Tinto stated that "the immediate priority for CRTX will be copper exploration, with coal and potash among other commodities potentially considered at a later date."[1] ...
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Rio Tinto said that it and Chinalco will now work on finalizing definitive and binding transaction documentation. IIn addition to the sole funding provided by Chinalco, the project will require ...
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Today I approved the proposal by the Aluminium Corporation of China Limited (Chinalco) to acquire up to 14.99 per cent of the shares in Rio Tinto Plc, the London Stock Exchange listed arm of Rio Tinto Group. A 14.99 per cent stake equates to an interest of around 11 per cent in the Group, which includes the Australian listed Rio Tinto Limited.
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Rio Tinto and Chinalco have signed a non-binding agreement to sell Rio Tinto's entire stake in the Simandou project in Guinea to Chinalco. The Heads of Agreement sets out the proposed principal terms of the sale with the aim of signing a binding agreement within six months. ... Rio Tinto will receive payments of $1.1-1.3 billion based on the ...
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China's Outward FDI and Resource-Seeking Strategy: A Case Study on Chinalco and Rio Tinto. Asia-Pacific Journal of Accounting & Economics, Vol. 17, Issue. 3, p. 313. CrossRef; Google Scholar; Ning, Lutao and Sutherland, Dylan 2012.
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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 …
WhatsApp: +86 18221755073
The . collapse of the planned $19.5bn investment by Chinalco in Anglo-Australian miner Rio Tinto is a serious blow to China's self-esteem. The state-backed aluminium company was proposing the...
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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 $14.05 billion, the largest overseas investment ever made by a Chinese enterprise.
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Feb 12 - Chinese state-owned aluminium group Chinalco will invest $19.5 billion in miner Rio Tinto in a deal that will secure resource supplies for China and help cut Rio's debts.
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In a statement, Rio Tinto said the pair "will explore a partnership to bring forward the next era of mining technology aimed at delivering significant value and re-shaping industry best practice" adding that "the parties aim to draw on their respective strengths to expedite the development of new mining technology and further develop Rio ...
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