08.01.2010 - Chinalco won't sell Rio Tinto stake to China wealth fund
From Marketwatch.com: Aluminum Corp. of China, or Chinalco, is not considering selling its stake in mining giant Rio Tinto Ltd. to China's sovereign wealth fund China Investment Corp. as has been reported, a person familiar with the situation said Friday. Reuters has reported that CIC is weighing a bid for the 9.3% stake in the Rio Tinto group, held via a 12% stake in the London-listed stock of the dual listed company, which Chinalco acquired in 2008 when BHP Billiton Ltd. was making a takeover offer for its mining rival...........................................Full Article: Source
Print