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why didn t the chinalco and rio tinto deal go ahead

Chinalco buys $1.5bn Rio Tinto shares Financial Times

China’s state-controlled Chinalco on Thursday confirmed it had taken up its full entitlement to Rio Tinto’s $15.2bn share issue to maintain its 9 per cent shareholding Rio Tinto shares rose 5 per cent on Monday after the heavily-indebted mining group confirmed it was holding talks with Chinalco, the Chinese aluminium Rio Tinto in asset sale talks with Chinalco Financial Times

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Chinalco and Rio seal exploration deal Financial Times

Rio Tinto will take a 49 per cent stake. The venture’s success will probably depend on Rio introducing its advanced and often proprietary exploration technologies in 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 Rio Tinto walks away from $19.5 billion Chinalco deal Jun.

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Chinalco to restructure Rio Tinto deal Financial Times

Chinalco will offer material concessions to its proposed $19.5bn investment in Rio Tinto in a late attempt to secure regulatory clearance from the Australian government and win the 5 June 2009 Rio unilaterally abandoned its deal with Chinalco and proposed an alternative, to raise US$15.2 billion through right issues and US$5.8 billion from BHP Billiton by forming a jointChinalco and Rio Tinto: A Long March for China's

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why didn t the chinalco and rio tinto deal go ahead

But the biggest deal didn't go through. The stateowned Aluminum Corp. of China, better known as Chinalco, was supposed to take a billion stake in AustralianBritish Rio Tinto, TV ads to add to pressure on Chinalco-Rio deal March 17, 2009 at 08:41 am EDT after which Rio Tinto plans to put the deal to a shareholder vote in an ordinary resolution that would need support from a simple majority for the deal to go ahead. However, some UK shareholders have said given the scope of the proposal, which would give TV ads to add to pressure on Chinalco-Rio deal

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Chinalco Rio Tinto Deal: A Case Study of Foreign Direct

The second section examines FDI flow from China to Australia, looking particularly at the FDI policies of the two countries in the context of the Chinalco Rio Tinto deal. The third section applies the theoretical policy approaches to the facts of the Chinalco Rio Tinto deal, discussing the potential benefits and risks of the proposal.Chinalco would have invested $12.3 billion in joint investments in aluminum, copper and ore mining with Rio Tinto, and spent $7.2 billion on convertible bonds in the company.Rio deal off; Chinalco seeks other acquisitions China Daily

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Rio Tinto rejects China for $15.2bn rights issue, BHP deal

Rio Tinto will raise $15.2bn (£9.3bn) in a rights issue and set up a joint venture with rival BHP Billiton, following the collapse of its $19.5bn deal with Chinese metals company Chinalco.{"payload":{"allShortcutsEnabled":false,"fileTree":{"122":{"items":[{"name":"00 mercadolider 299.md","path":"122/00 mercadolider 299.md","contentType":"file"},{"name

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Rio Tinto in asset sale talks with Chinalco Financial Times

Rio Tinto shares rose 5 per cent on Monday after the heavily-indebted mining group confirmed it was holding talks with Chinalco, the Chinese aluminium producer, about a cash injection. SomeRio Tinto bought Alcan for US$38.6 billion, incurring US$34 billion of debts BHP attempted to buy Rio on a 3:1 all-share swap Chinalco with the US's Alcoa invested US$14 billion to buy 9 per cent of Rio's shares Chinalco raised its stake in Rio to 11 per cent BHP abandoned its plans to buy Rio due to Chinalco's interventionChina's National Champions JSTOR

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Rio Tinto to China: Thanks, But No Thanks TIME

On June 5, Rio Tinto told Chinalco that their deal would not go through after all. It would, instead, float a rights issue to raise money needed to pay down a massive debt load, as well as enter into a joint venture with BHP Billiton — the mining giant that last year tried to buy Rio outright. Xiong, in a statement issued by Chinalco, simplyThe acquisition came days ahead of the Feb 6 deadline for Melbourne-based BHP Billiton, the world's biggest miner, to make a formal acquisition bid for Rio Tinto or to drop the proposed takeover, which has so far been resisted by Rio. Chinalco, as China's largest aluminum producer, recently stepped up its expansion strategy into Chinalco, Alcoa to take 12% stake in Rio Tinto

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Chinalco and Rio Tinto: A Long March for China s

US$19.5 billion deal of the Aluminium Corporation of China (Chinalco) for Rio Tinto (Rio) this year, although scrapped by Rio on 5 June 2009, serves as an interesting illustrative case in this regard.* June 5th, the Chinalco-Rio Tinto deal collapse, * June 30, the iron ore price negotiation between China and Australia pass without a resolution * one week later China announce it will stopRio Tinto's Chinese Mistake (NYSE:RIO) Seeking Alpha

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Shareholders oppose Rio Tinto's $20bn Chinese bail-out

Rio Tinto today unveiled a near $20bn (£13.95bn) bail-out by the Chinese government, a move which looks likely to lead to a major row with the mining group's institutional shareholders. The groupChinalco would have invested $12.3 billion in joint investments in aluminum, copper and ore mining with Rio Tinto, and spent $7.2 billion on convertible bonds in the company. If redeemed for shares, the bonds would have almost doubled Chinalco's existing 9.3 percent stake in the Rio Tinto Group to 18 percent.Rio deal off; Chinalco seeks other acquisitions

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Public opinion on Chinalco’s investment in Rio Tinto

Author: Christopher Findlay, Adelaide University. The Australian carried a story by Lenore Taylor on 7 April 2009 which reports:. Fifty-nine per cent of respondents to a special Newspoll taken last weekend said they believed Chinalco should not be allowed to increase its stake in Rio from 9 to 18 per cent of the companywhile only 31 per cent with an unprecedented opportunity to “go global” through acquisitions. The US$19.5 billion deal of the Aluminium Corporation of China (Chinalco) for Rio Tinto (Rio) this year, although scrapped by Rio on 5 June 2009, serves as an interesting illustrative case in this regard. At face value, Chinalco’s pursuitChinalco and Rio Tinto: A Long March for China's

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Rio's 'Tigger' is upbeat over deal with China, but is it such a

Rio Tinto chief Tom Albanese is characteristically upbeat about the miner's joint venture with Chinalco in the Simandou iron ore project in Guinea. Photograph: Shaun Curry/AFP/Getty ImagesChinalco and partners paid $1.35 billion for the stake in Simfer. A company financial report showed that Chinalco spent $15.5 billion as of the end of 2019 on Simfer and affiliated companies. Industry analysts said they think Rio Tinto’s slow progress on the Simandou project reflects a strategic decision to focus on cheaper development inCover Story: Stalled Guinea Project Highlights China’s Struggle

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Chinese media’s response to the Rio-Chinalco deal

Author: Peter Yuan Cai. After the failure to consummate the marriage of Rio Tinto and Chinalco, the mood in Australia is one of celebration. The public is generally relieved that part of the jewel in the crown of Australia’s mining assets would not be pawned to Red China after all and the Rudd government was also spared the agony of making a Rio Tinto <RIO.AX><RIO.L> has signed a preliminary deal to sell its stake in Guinea's Simandou project to Chinalco <3668.HK>, it said on Friday, injecting impetus into the long-stalled scheme toRio Tinto set to quit Guinea iron ore project with sale to Chinalco

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Chinalco's roadblocks decreasing Chinadaily.cn

Chinalco offered to invest $12.3 billion in Rio Tinto's aluminum, copper and iron ore mines and spend another $7.2 billion on convertible bonds in the company. If all approvals come through, the investment will double Chinalco's existing 9.3 percent stake in Rio Tinto Group to 18 percent. Chinalco declined to comment on the process yesterday

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