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English > Industry > Industry-Breaking News>Chinalco Considers Concessions In Rio Tinto Deal

Chinalco Considers Concessions In Rio Tinto Deal

05-27 12:26 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-05-26/110171811.html

» Chinalco, China's top aluminum producer, confirmed that it is considering "alterations" to a proposed US$19.5 billion investment in Australian miner Rio Tinto, but dismissed the possibility of reducing its stake purchase from 18 to 15 percent.
» General Manager Xiong Weiping told Caijing that speculation that Chinalco may offer to reduce the stake it plans to take in Rio Tinto are merely "market rumors."
» A source close to the transaction told Caijing on May 22 that there was a "very small" possibility Chinalco would revise the stake purchase proposal.
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