Chinalco
latest news & developmentsChina’s stake in Rio Tinto gets all-clear
Rio Tinto has a dual listing in Sydney and a 14,99% stake in London would equate to around 11% in the entire group.
JSE stays firm on resources
South African stocks remained firm at midday on Wednesday as merger talks surrounding BHP Billiton kept heavyweight miners buoyant, but easing metal prices weighed on other…
Rio Tinto’s annual net profit falls
The world’s third-largest miner, Rio Tinto, said on Wednesday its full-year net profit fell almost 2% in 2007 to $7,312-billion as it again rejected a takeover bid by rival BHP…
BHP raises Rio bid; no immediate Chinese riposte
BHP Billiton launched a hostile ,4-billion bid for rival Rio Tinto in a move that could trigger a Chinese-led counterbid in the world’s second biggest corporate takeover.…
Chinese sniff around Xstrata but unlikely to bite
China’s state-backed miners have looked at Xstrata but are unlikely to bid for it, leaving Brazil’s Vale or Anglo-American best placed to snap up the Anglo-Swiss miner. Vale,…