Chinalco's Acquisition of Shares in Rio Tinto | Treasury …

Today I approved the proposal by the Aluminium Corporation of China Limited (Chinalco) to acquire up to 14.99 per cent of the shares in Rio Tinto Plc, the London Stock Exchange listed arm of Rio Tinto Group. A 14.99 per cent stake equates to an interest of around 11 per cent in the Group, which includes the Australian listed Rio Tinto Limited.

Chinalco to invest $19.5 billion in Rio Tinto

HONG KONG (MarketWatch) -- Rio Tinto reached a landmark agreement Thursday with Aluminum Corp. of China, which will invest $19.5 billion in a deal that gives the miner access to much-needed...

Rio Tinto, Chinalco in huge deal

Rio Tinto said that it and Chinalco will now work on finalizing definitive and binding transaction documentation. IIn addition to the sole funding provided by Chinalco, the project will require ...

Chinalco in talks with government over Rio Tinto stake

Rio Tinto says Australian government limits on Chinalco's shareholding are not the reason it paid a special dividend rather than announce a fresh share buyback. ... Mr Swan attached two conditions ...

Chinalco and Rio Tinto -- An Unhappy Ending

Chinalco and Rio Tinto -- An Unhappy Ending. Published Jun 05, 2009 at 12:22 PM EDT Updated May 18, 2010 at 4:27 PM EDT. ... The demise of the Rio Tinto deal was ultimately about business. During ...

Concern grows as extent of Rio Tinto's concessions to …

The Chinese Government is set to exert powerful influence over Rio Tinto after its $19.5 billion (£13.5 million) investment in the miner, new details revealed yesterday. The smallprint of the

گفتگو| برهانی: چرا از «معامله قرن» رونمایی نشد؟

استاد دانشکده مطالعات جهان دانشگاه تهران با اشاره به برگزاری نشست اقتصادی معامله قرن پس از ماه مبارک رمضان ...

Rio Tinto gains final approvals for Simandou development

Rio Tinto has announced the fulfilment of all conditions necessary for the development of the Simandou iron ore project in Guinea. This includes the receipt of approvals from Guinean and Chinese ...

Concern grows as extent of Rio Tinto's concessions to Chinalco …

The Chinese Government is set to exert powerful influence over Rio Tinto after its $19.5 billion (£13.5 million) investment in the miner, new details revealed yesterday. The smallprint of the

China's Outward FDI and Resource Seeking Strategy: A Case …

5 The price Chinalco paid to Rio Tinto was about $120/share (or £60/share) in February 2008. Shujie Y ao, Dylan Sutherland and Jian Chen Asia-Paci c Journal of Accounting & Economics 17 (2010 ...

Rio Tinto agrees Heads of Agreement to sell its stake in the …

Rio Tinto and Chinalco have signed a non-binding agreement to sell Rio Tinto's entire stake in the Simandou project in Guinea to Chinalco. The Heads of Agreement sets out the proposed principal terms of the sale with the aim of signing a binding agreement within six months. ... Rio Tinto will receive payments of $1.1-1.3 billion based on the ...

Rio Tinto scraps Chinalco deal

Miner Rio Tinto scrapped a planned $19.5 billion tie-up with China's Chinalco struck at the height of a global financial crisis, turning instead to an iron ore joint venture with rival …

Chinalco, Alcoa to take 12% stake in Rio Tinto

The Aluminum Corporation of China (Chinalco) and US aluminum producer Alcoa on Friday bought a 12 percent stake in Rio Tinto, the world's third-largest mining company. The total price of the acquisition stood at $14.05 billion, the largest overseas investment ever made by a Chinese enterprise.

Rio Tinto scraps Chinalco deal

Miner Rio Tinto scrapped a planned $19.5 billion tie-up with China's Chinalco struck at the height of a global financial crisis, turning instead to an iron ore joint venture with rival BHP ...

Australia approves Chinalco stake in Rio Tinto | Reuters

State-owned Aluminum Corp of China (Chinalco), backed by U.S. peer Alcoa Inc, began amassing shares this year with the aim of taking up to 14.9 percent of Rio, the target of a $127 billion ...

Rio Tinto axes Chinalco deal and plans rights issue

Rio Tinto, the mining group, has scrapped a controversial $19.5 billion (£12 billion) deal with China and is preparing a rights issue that could raise as much as $15 billion.In a dramatic twist to

Why the Proposed CHINALCO Investment in Rio Tinto Failed

On 12 February 2009, the board of Rio Tinto ("Rio" hereafter) announced that it had struck a deal of $19.5 billion with CHINALCO. This was by far the largest deal in Chinese and Australian corporate history. If this transaction was successful, the deal...

HIGHLIGHTS-Key points of Rio Tinto-Chinalco deal | Reuters

Feb 12 - Chinese state-owned aluminium group Chinalco will invest $19.5 billion in miner Rio Tinto in a deal that will secure resource supplies for China and help cut Rio's debts.

Rio Tinto Group

Rio Tinto Group è un gruppo multinazionale anglo-australiano che si occupa di ricerca, estrazione e lavorazione di risorse minerarie. È la terza più grande società mineraria del mondo [2].. Il gruppo è composto da due società: Rio Tinto plc quotata al London Stock Exchange, segmento FTSE 100 in Gran Bretagna; e Rio Tinto Limited in Australia, quotata all'Australian Securities …

Chinalco and Rio Tinto: A Long March for China's National …

China's Outward FDI and Resource-Seeking Strategy: A Case Study on Chinalco and Rio Tinto. Asia-Pacific Journal of Accounting & Economics, Vol. 17, Issue. 3, p. 313. CrossRef; Google Scholar; Ning, Lutao and Sutherland, Dylan 2012.

Press release

Rio Tinto and Chinalco have also identified future areas of co-operation, all of which will be subject to formal agreement by the strategic alliance committee and the Boards of Rio Tinto. The strategic alliance committee will also establish a pro-rata jointly-owned bauxite marketing venture. The strategic alliance would market a proportion of ...

Shareholders turn screw on Rio Tinto over deal with Chinalco

Rio Tinto shareholders have renewed their pressure on the miner to rethink its controversial $19.5 billion (£13 billion) capital-raising with Chinalco, China's state-owned metals group.Rio said

Rio Tinto, Chinalco call it quits on joint exploration venture

Rio Tinto and Aluminium Corporation of China (Chinalco) have terminated an exploration joint venture after six years of searching unsuccessfully for copper in China, Chinalco confirmed on Wednesday.

Rio Tinto rejects Chinalco deal, to sell stock

Mining giant Rio Tinto has decided to reject a $19.5 billion deal to sell part of itself to Chinalco, and will instead launch a massive rights issue and a joint venture with rival BHP...

Why the Proposed CHINALCO Investment in Rio Tinto Failed

On 12 February 2009, the board of Rio Tinto ("Rio" hereafter) announced that it had struck a deal of $19.5 billion with CHINALCO. This was by far the largest deal in Chinese and Australian …

Chinalco, Alcoa take 12 percent stake in Rio Tinto | Reuters

Chinese mining group Chinalco said on Friday it had teamed up with U.S. aluminum producer Alcoa <AA.N> to buy a 12 percent in Rio Tinto <RIO.L>.

Why the Proposed CHINALCO Investment in Rio Tinto …

Why the Proposed CHINALCO Investment in Rio Tinto Failed On 12 February 2009, the board of Rio Tinto ("Rio" hereafter) announced that it had struck a deal of $19.5 billion with CHINALCO. This was by far the largest deal in Chinese and Australian corpo-rate history. If this transaction was successful, the deal could deliver

Rio Tinto, Chinalco announce technology partnership

In a statement, Rio Tinto said the pair "will explore a partnership to bring forward the next era of mining technology aimed at delivering significant value and re-shaping industry best practice" adding that "the parties aim to draw on their respective strengths to expedite the development of new mining technology and further develop Rio ...

Blog Coverage Rio Tinto and Chinalco End their Six-Year …

Rio Tinto and Chinalco's Simandou Venture. In October 2016, Rio Tinto sold off its stake in the Simandou project in Guinea to Chinalco. The deal was valued between $1.1 billion – $1.3 billion ...