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Rio mulls rights issue to pay down USD10bln debt

Posted on 29 January 2009

From Independent.co.uk: Rio Tinto admitted for the first time yesterday that it could be forced to resort to a rights issue if it is to pay down $10bn (£7bn) of debt this year as planned.

After a spate of rumours about the London and Sydney-listed mining giant’s financial plans, the company was forced to issue a statement to the Australian Stock Exchange yesterday….. Full Article: Source


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VRS - who has written 38189 posts on Opalesque Commodities Briefing.


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