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why didn t the chinalco and rio tinto deal go ahead

Rio confirms rejection of $182b Glencore merger bid

Rio confirms rejection of $182b Glencore merger bid. Rio Tinto's massive iron ore expansion plan is Glencore chief executive Ivan Glasenberg's key weapon in his bold $182 billion plan to merge ...

TV Ads to Add to Pressure on Chinalco-Rio Deal - The New ...

Australian politicians turned up the heat against Rio Tinto's planned $19.5 billion tie-up with China's Chinalco, with one taking out television ads on Tuesday to push for the deal to be blocked, Reuters said.. Meanwhile, legal advice favored a simple majority vote of Australian and British shareholders to back the deal, Reuters reported, amid media reports the company was …

Canadian court rules aboriginal lawsuit against Rio Tinto ...

A Quebec judge has ruled that a $815 million (Cdn$900 million) lawsuit by two Canadian aboriginal communities against Rio Tinto's Iron Ore Company of …

Monsters of Rock: Rio Tinto could make a decision on ...

Rio is less bearish, with UBS saying it expects underlying Chinese demand for steel and iron ore to remain strong in 2022 despite the 60% dive in prices from records of over US$230/t in May ...

China Takes No Chances - Forbes

The last minute price increase came on the heels of the Rio Tinto fiasco earlier this month, in which Rio spurned another Chinese company, Chinalco, that had planned to invest $19.5 billion in Rio.

Rio Tinto Jumps on Bid Rumors - The New York Times

Shares in Rio Tinto, the global mining giant, jumped 5 percent in a weak market on Wednesday, swept up by rumors ranging from a sweetened cash bid by BHP Billiton to a Chinese counterbid.. Fund managers were skeptical about all the rumors, Reuters said, including speculation that Rio Tinto was going to come to the bargaining table with BHP Billiton sooner …

Rio Tinto, Chinalco sign Africa iron-ore tie-up - MarketWatch

The deal also comes less than a year after Rio Tinto walked away from a US$19.5 billion alliance with Chinalco, its biggest shareholder, in favor of …

Rio Tinto attacked from all sides - Mines and Communities ...

The chairman of Rio Tinto, Paul Skinner, and the chief executive, Tom Albanese, fielded a series of questions and criticisms, ranging from debt management and the resignation of chairman-elect Jim Leng over the Chinalco deal to its rejection of a …

Documents reveal Govt made multi-million dollar offer to ...

"It didn't go anywhere." The payment offer set a deadline to hear back from Rio Tinto of just three days later, 18 December. The offer reflected how a change in transmission pricing in future ...

China strikes back against Rio Tinto with deal of its own ...

But it didn't mean Beijing still wasn't angry about Rio Tinto having turned away from a $19.5 billion investment that Chinalco -- the state-owned aluminum company -- …

With Rio Tinto's Snub of Chinalco, Aussie Backlash Against ...

Chinalco agreed to provide Rio Tinto with the financing in a deal that would have doubled the Chinese company's stake in the Aussie miner to 18%. At the time of the deal, Chinalco's 9% stake ...

Anglo American Shares The Love - Forbes

While Chinalco's deal with Rio may have floundered over issues including regulations in Australia, Chinalco's interest in MMX Minas-Rio, an iron ore project, stands a …

China plans to approve developing giant ... - The Star

LONDON: China is close to giving the go-ahead for some of its biggest state-owned companies to develop the giant Simandou iron ore mine in Guinea, potentially paving the way for the project to be ...

Du Plessis has no armchair ride with Rio - The Australian

"The Chinalco people and representatives of the Chinese government were extremely helpful in working with Rio . . . in resolving the outside …

Chinese media's response to the Rio-Chinalco deal | East ...

12th June, 2009, 12:24 pm . While I have been critical to the Australian government's handling the matters regarding to Chinese investments and some commentators and politicians fanning ignorance and hostility towards such investments, I came to realise that the Chinalco – Rio deal was probably made a bit too complex to look attractive to more people.

BHP fears Chinalco and Rio Tinto deal - The Australian

MINING giant BHP Billiton believes Chinalcos US19.5 billion 27.8 billion deal with its rival Rio Tinto will proceed.

Documents reveal government's multi-million offer to Rio ...

The offer is revealed in 25 pages of letters released to RNZ under the OIA, between the mining multinational and ministers over a deal to keep the Tiwai Point smelter from closing early.. Rio Tinto was urgently seeking a deal to deliver a big cut in its $60 million-a-year power lines - or transmission - charges. While campaigning in Southland ahead of the 2020 election …

Chinalco eventually gets what it wants from Rio Tinto

Chinalco is making good on Rio Tinto. By Una Galani, breakingviews.com 12 February 2009 • 1:35pm One year since its audacious dawn raid, the Chinese state-owned aluminium group is set to double ...

The Chinese Dream of Simandou Rehashed - Finshots

Rio Tinto is an Anglo-Australian company that is primarily focused on the extraction of minerals. But their key focus — Well, that's always been iron ore. So when the company acquired the exploration rights at Simandou back in 1997, many people thought it would change the company's fortunes forever.

Exclusive-New Rio Tinto chairman to weigh CEO's future ...

The incoming chairman of Rio Tinto will review the position of CEO Jakob Stausholm to determine whether he is suitable to lead an overhaul of the company's toxic work culture, two people familiar with the matter said. Dominic Barton, a former diplomat who takes up the role of chairman in May, could remove Stausholm if he decides Rio would be better served by a …

BHP, Rio and the doomed $40 billion Chinalco deal: Who ...

An Australian government source said it wasn't surprising Canberra and other countries were following the Rio-Chinalco deal closely. Had it gone ahead the deal would have given China, a rising ...

Iron ore was a game of two halves in 2021. There's reason ...

Rio Tinto owns the other two blocks with its major shareholder, China's Chinalco, and recently said it plans to make an investment decision on Simandou in 2022, which it scotched only 6 years ago due to falling prices and its reported ~US$20 billion capital cost (around 8 times the Gudai-Darri replacement mine in the Pilbara).

Chinalco ditches $19.5bn Rio deal | Financial Times - FT

Chinalco has abandoned its controversial $19.5bn (£12bn) investment in Rio Tinto in a surprise move as the world's third largest miner said it would raise capital from other investors.

Rio Tinto: Documents reveal government's multi-million ...

"It didn't go anywhere." The payment offer set a deadline to hear back from Rio Tinto of just three days later, 18 December. The offer reflected how a …

Rio Tinto's next CEO faces awkward Africa ... - MarketWatch

But the company's plan to sell its interest to joint-venture partner Aluminum Corp. of China, known as Chinalco, fell apart in 2018 when the deal didn't complete.

Bring Rio Tinto Down Under, fixing branch stacking, S&P ...

One such company with a big Chinese connection is London-based Rio Tinto. It has state-owned Chinalco as its largest shareholder with a 14 per cent stake in Rio Tinto's UK listed shares which were worth $17.9 billion based on Friday's closing price in Australia of $97.81. ... Macquarie didn't actually have to cancel the Capital Notes ...