Chinalco to Get Two Rio Tinto Board Seats, Rio Spokesman Says

Aluminum Corp. of China, known as Chinalco, will get two seats on the board of Rio Tinto Group, according to Rio spokesman Nick Cobban.

One director will be Chinalco¡¯s choice while the other will be an independent and will be approved by the board, Cobban said. The Sunday Times reported today that Chinalco would appoint three directors and would be represented on the key audit, remuneration and appointments committees.

Cobban declined to comment on Chinalco¡¯s membership of board committees, saying that the transaction hasn¡¯t yet been completed.

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