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Rio Tinto in big asset sales talks with Chinalco

Posted on 03 February 2009

From Mineweb.com: Reports in Sunday’s UK broadsheet newspapers, The Sunday Times and The Sunday Telegraph, both pointed to debt-ridden mega miner Rio Tinto being involved in major asset sales talks with China’s state-owned Chinalco, which already holds an 11 percent stake in the company.

While the two newspaper reports differed in the detail, it would seem they are, indeed accurate in that such talks have been under way. Indeed Rio has issued a response to the reports confirming that they are in progress, but giving no specific details….. Full Article: Source


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VRS - who has written 36638 posts on Opalesque Commodities Briefing.


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