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International Law

: China Briefing Blog

Rio Tinto Rejects Chinalco Bid

By China Briefing

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Jun. 5 ? The world?s third- largest mining company, Rio Tinto Group, has rejected Chinalco?s US$19.5 billion bid; opting to raise US$15.2 billion through a share offering. Rio Tinto and its former rival BHP Billiton are forming a 50/50 joint venture that will consolidate all their iron ore assets in Western Australia and save them more [...]

Full post as published by China Briefing Blog on June 05, 2009 (boomark / email).

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