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Rio Tinto still under scrutiny
- China Aluminium Network
- Post Time: 2009/6/13
- Click Amount: 482
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The failure of the $19.5 billion (R157bn) investment in Rio Tinto Group by Aluminium Corporation of China (Chinalco) was "out of its control", Chinalco said yesterday. It would monitor Rio Tinto's rights offer and iron ore venture with BHP Billiton. Rio Tinto scrapped the investment last week in favour of raising $21bn from a share sale and the BHP Billiton venture. - Bloomberg
Source: Business Report
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