why didn t the chinalco and rio tinto deal go ahead

Revealed How Australian spooks spied on Rio during 2008

Jul 25 2018 0183 32 Hacker attacks continued in the lead up to and after the June 2009 arrest in China of Stern Hu the former head of iron ore trading at Rio Supplied After the Chinalco...

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Rio Tinto denies Guinea iron ore sale has stalled after

LONDON/CAPE TOWN Reuters - Rio Tinto RIOL RIOAX shrugged off concerns on Wednesday that its sale of Guinea s Simandou project to Chinalco had stalled after an investigation into payments to a consultant who helped it win rights to the huge iron ore deposit Rio signed a preliminary deal in late October to sell its stake in Simandou the world s largest untapped iron ore reserv...

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Sheriff s officials knew about a massive house party in

Dec 08 2020 0183 32 The recipient of the land is a firm called Resolution Copper which was set up by the miners Rio Tinto and BHP Billiton The Forest Service is clearly jumping through flaming hoops to get this done for Rio Tinto before Trump leaves office said Randy Serraglio conservation advocate with the Center for Biological Diversity...

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Rio arrests Joyce raises Chinalco deal link

Nationals leader in the Senate Barnaby Joyce says he believes the failure of the state-owned Chinalco to buy an 18 per cent stake in Rio Tinto could be behind the arrest Rio recently decided to...

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China has not said goodbye after Rio and now we owe them one

The dumping of Chinalco from the Rio Tinto rescue deal has changed the political and and OZ s banks were waiting at the back of the room with financial handcuffs if the deal didn t go ahead...

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Rio Tinto set to quit Guinea iron ore project with sale to

Oct 28 2016 0183 32 If the deal to sell out to Chinalco goes ahead Rio Tinto will receive payments of between 11 billion and 13 billion based on the timing of the project s development it...

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why didnt the chinalco and rio tinto deal go ahead

BHP fears Chinalco and Rio Tinto deal Oct 21 2009 BHP management think the deal will go ahead -- they don t see Rio shareholders providing much opposition and don t see any legal reason why Chinalco...

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Rio confident of Chinalco s 29 billion deal approval

RIO Tinto believes the Federal Government will approve its US195 billion A29 billion tie-up with Chinalco Rios strategy chief sa...

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Rio Tinto walks away from 195 billion Chinalco deal

Jun 05 2009 0183 32 Miner Rio Tinto scrapped a planned 195 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...

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Rio s deal with Chinalco collapses Rio Tinto The Guardian

Jun 04 2009 0183 32 Chinalco was to have paid 123bn for stakes in Rio s iron ore copper and aluminium assets and 72bn for convertible notes that would double its equity stake in Rio to 18...

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Simandou returns as a headache for Rio Tinto

The other two blocks 3 and 4 were held by Rio Tinto with a 45 stake Chinalco China s biggest aluminium producer and a major shareholder in Rio Tinto with 40 and the government of Guinea...

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Timeline for the Chinalco

Chinalco-Rio deal mileston Time Events Nov 8 2007 BHP Billiton put forward a takeover proposal to Rio Tinto Feb 1 2008 Chinalco and Alcoa Inc buy 12 percent stake in Rio Tinto for 1405...

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Rio Tinto s next CEO faces awkward Africa decision

Oct 01 2020 0183 32 Scarred by the experience Rio Tinto tried to get out of Simandou But the company s plan to sell its interest to joint-venture partner Aluminum Corp of China known as Chinalco...

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Rio Tinto investors fight on against Chinalco This is Money

Rio declined to comment but said the company was confident the deal offered value to shareholders Share or comment on this article Rio Tinto investors fight on against Chinalco...

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Bid promises headaches for Treasurer

The major shareholders are disappointed they didn t get the chance to buy discounted upside in the recovery story that will be Rio Tinto Meanwhile Rio Tinto has thrown more light on some of the...

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Albanese s spectre Rio capital management options

Mar 03 2019 0183 32 Rio Tinto s former chief executive Tom Albanese invited Chinalco on to the register in the wake of the failed deal with BHP Peter Morris So Rio went the special dividend route rather than...

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Rio dumps record BHP deal

EXCLUSIVE The biggest merger in Australian business history is dead The board of Rio Tinto is preparing to abandon a 120b iron ore deal with rival mining giant BHP Billiton in the Pilbara...

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Rio Tinto fails to clinch sale of Guinea iron ore project

Rio announced a non-binding deal to sell its stake in October 2016 But as the talks dragged on sources said one issue was that Chinalco wanted to take over the whole of the project not only the...

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Du Plessis has no armchair ride with Rio

Things got worse in 2009 when Rio ditched the rescue deal that would have given state-owned Chinalco an 18 per cent stake in Rio and up to 50 per cent in its major assets and worse again with the...

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Controversial Chinalco deal faces hurdles Morningstar

A proposed deal for China to invest US 195 billion in Rio Tinto would be value-accretive should it receive approval but raises a few concerns Holly Cook 12 February 2009 9 33AM...

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Rio Tinto Jumps on Bid Rumors

Oct 22 2008 0183 32 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 counterb 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 rather than later to...

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Chinalco s great regret at Rio deal collapse

Chinalco has expressed its disappointment at Rio Tinto s decision to scrap a 243 billion deal with the Chinese state-owned miner Rio effectively replaced the deal with a 50-50 joint venture...

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Rio Tinto Scuttles Its Deal With Chinalco

Rio Tinto walked away from a proposed 195 billion deal with Chinalco setting back China s plans to buy access to key commoditi...

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Credit crisis diary Baugur s top brass eye the next

The spinning continues as Rio Tinto attempts to convince the world of the merits of its controversial deal with Chinalco The company is quietly but firmly telling people that key shareholders are...

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Rio Tinto s failed Chinalco deal greeted with relief in

Jun 05 2009 0183 32 The collapse of the deal between Rio Tinto the Anglo-Australian miner and Chinalco the Chinese state-owned aluminium company has been greeted by a large sigh of relief in Australia...

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Chinalco Rio deal collapses

Chinalco Rio deal collaps By John Garnaut in Rio Tinto has informally notified Chinalco over the past day or so it will be withdrawing its recommendation and would be replacing it with a...

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Chinalco can blame it on Rio Tinto for failed merger

Elements of the deal and events outside Rio s and Chinalco s control conspired to make the debate white hot At its heart was Chinalco s status as a wholly state-owned enterprise...

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Hold tight for a mighty Rio row Rio Tinto The Guardian

Feb 12 2009 0183 32 Rio Tinto will announce a deal today that many of its shareholders have said they will oppose a cash injection from China of almost 20bn with the state-owned Chinalco...

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Rio hires new chairman to take up fight for Chinalco

Rio Tinto is set to make a new push to persuade shareholders of the merits of its 195bn financing deal with Chinalco announcing yesterday that it has appointed a new chairman who will champion...

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Rio Tinto U

The U-turn will heap pressure on Rio chief Tom Albanese who championed the Chinalco deal to quit But it is understood the group s major shareholders have been persuaded by du Plessis to give...

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