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Chinalco to concern Rio,smile to the long-term prospects
- China Aluminium Network
- Post Time: 2009/7/2
- Click Amount: 401
China's state-owned enterprises - China Aluminum Company [ALUMI.UL] issued a statement Thursday, it indicates that as Rio Tinto' (RIO.L: Quote) (RIO.AX: Quote) largest single shareholders, it will pay sustaining attention to Rio Tinto's progress.
China Aluminum Corporation said, "This is economically rational decision, because it can prevent our company's hold of the Rio Tinto shares from being diluted. China Aluminum Corporation believes in the long-term prospects of the industry and will continue to seek opportunities to promote the strategic objectives."
Source: Reuters China
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