rio tinto shares hit by talk that chinalco deal has collapsed

Mining Giant Scraps China Deal - The New York Times

Jun 06, 2009· Under the Rio deal, Chinalco had offered $7.2 billion to purchase convertible bonds in Rio Tinto and $12.3 billion in cash for stakes in Rio's aluminum, iron …

Rio says committed to Chinalco tie-up, shares up

Rio Tinto shares closed 7.4 percent higher at A$61.88 in Sydney Friday, recouping some of a previous heavy slide on market talk it might renegotiate the most controversial part of the deal -- a $7 ...

Rio Tinto says deal to sell stake in Simandou mine has ...

"Rio Tinto and Chinalco … will continue to work with the Government of Guinea to explore other options to realise value from the world-class Simandou iron ore deposit," the miner said in a statement.

Rio Tinto investors revolt over China deal | This is Money

Rio's financial adviser, JPMorgan Cazenove, is believed to have received almost unanimous hostility to the deal when it took soundings from shareholders after details of the plan emerged on Thursday.

Rio Tinto shares fall anew amid rights issue talk | Reuters

May 14, 2009· Shares in Rio Tinto Ltd dived as much as 12.5 percent to a three-week low on Thursday, partly as investors bet the miner would scrap or alter a …

Rio Tinto-Chinalco deal collapses - World Socialist Web Site

Rio Tinto-Chinalco deal collapses ... Rio continued to talk up its original deal with Chinalco as a smokescreen. ... for Rio's rising share prices to make the deal less attractive to its board ...

Mining Giant Scraps China Deal - archive.nytimes.com

The board of Rio Tinto announced the decision after meeting in London on Thursday, saying the company had ended the deal it struck in February to sell the stake to China's state-owned Aluminum Corporation of China, also known as Chinalco.

Didn The In Chinalco And Rio Tinto Deal Ahead - nephh-fp7.eu

Rio Tinto set to quit Guinea iron ore project with sale to . LONDON/BENGALURU (Reuters) - Rio Tinto (RIO.AX)(RIO.L) has signed a preliminary deal to sell its stake in Guinea's Simandou project to Chinalco, it said on Friday, injecting impetus into the long-stalled scheme to develop the world's largest untapped iron ore reserves.

Rio Tinto Ends Plan to Sell $19.5 Billion Stake to Chinalco

Jun 05, 2009· Under the Rio deal, Chinalco had offered $7.2 billion to purchase convertible bonds in Rio Tinto and $12.3 billion in cash for stakes in Rio's aluminum, iron …

Chinalco, Rio deal collapses - SMH.com.au

THE biggest investment deal in both Australian and Chinese corporate histories has collapsed, with Rio Tinto expected ... Chinalco, Rio deal collapses. ... sharply rising Rio share price and ...

TAKE A LOOK-BHP Billiton bids for Rio Tinto | Reuters

Jun 01, 2008· BHP Billiton Ltd/Plc formally files with the European Commission for clearance to take over rival Rio Tinto Ltd/Plc, as Rio continues to reject the more than $180 billion takeover offer as …

Rio Tinto says Chinalco deal gets U.S. clearance | This is ...

Rio Tinto shares were up 7 per cent at A$61.66 today, recouping much of a previous heavy slide on market talk it might renegotiate the most controversial part of the deal -- a $7.2 billion issue ...

Rio Tinto walks away from $19.5 billion Chinalco deal ...

Jun 05, 2009· 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 ...

Chinalco's 'great regret' at Rio deal collapse - ABC News ...

Chinalco's 'great regret' at Rio deal collapse. ... he is confident the merger will further increase market share. ... says it is pleased the proposed Rio Tinto and Chinalco deal has collapsed.

Chalco Jumps on Higher Aluminum Prices, Rio Talk - CNBC

There has been market speculation that Chinalco will inject the Rio Tinto stake into Chalco, but given the sheer size of the deal, which is 2.4 times Chalco's market cap, this seems unlikely in ...

Rio finally abandons its friendless deal | Financial Times

Rio Tinto's proposed $19.5bn deal with Chinalco was unpopular in the first place, but by the time it entered its fifth month this week, its supporters were few and far between. Both sides ...

Rio Tinto deal with Chinalco collapses | Business | The ...

Rio's deal with Chinalco collapses ... The fact that the Rio share price has risen by 50% since the deal was first mooted on 12 February changed the picture for the mining group, said another ...

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

The suspicions at Rio over the failure of its first deal with Chinalco were fuelled by revelations in a leaked US diplomatic cable in 2011 that suggested BHP CEO Marius Kloppers had taken credit for derailing the second Chinalco-Rio deal.

Rio Tinto spurns China with $15bn cash call - Telegraph

Jun 04, 2009· Rio Tinto's top investors will support rights issue. 04 Jun 2009; Rio Tinto hit by talk that Chinalco deal has collapsed. 04 Jun 2009; Rio Tinto rejects China for $15.2bn rights issue, BHP deal ...

Rio Tinto Says Chinalco Deal Is Still Evolving - The New ...

May 26, 2009· Rio Tinto Says Chinalco Deal Is Still Evolving. By Dealbook May 26, ... Rio Tinto's chairman, Jan du Plessis, arrives in Australia this week to talk to shareholders, having discussed the China deal with major British shareholders over the last two weeks. ... Rio Tinto lined up the deal with Chinalco in February, looking for a way ...

Is Aluminum Corp of China Destined for Greatness? -- The ...

How we got here and where we're going Chinalco has been hit by the same headwinds plaguing many of its peers in the metals industry, and as such, the aluminum producer mustered only one out of ...

Rio Tinto shares fall anew amid rights issue talk | Reuters

Rio Tinto shares fall anew amid rights issue talk. ... which owns Rio Tinto shares. Under the deal, Chinalco would get minority stakes in some of Rio Tinto's iron ore, copper and aluminum assets ...

Didn The In Chinalco And Rio Tinto Deal Ahead - nephh-fp7.eu

LONDON/BENGALURU (Reuters) - Rio Tinto (RIO.AX)(RIO.L) has signed a preliminary deal to sell its stake in Guinea's Simandou project to Chinalco, it said on Friday, injecting impetus into the long-stalled scheme to develop the world's largest untapped iron ore reserves.

Rio Tinto quits Guinea iron ore project, sells to Chinalco ...

Rio Tinto has signed a preliminary deal to sell its stake in Guinea's Simandou project to Chinalco, it said on Friday, injecting impetus into the long-stalled scheme to develop the world's largest ...

Chinalco to buy new shares in Rio Tinto post rights issue

Chinalco has decided to participate in the $15.2-billion rights issue of global miner Rio Tinto. China's State-owned nonferrous mineral processor has made up its mind to buy new shares this week ...

Rio Tinto shares fall anew amid rights issue talk

Under the deal, Chinalco would get minority stakes in some of Rio Tinto's iron ore, copper and aluminum assets and $7.2 billion in convertible notes that would double Chinalco's equity stake in Rio.

Turning to BHP Billiton, Rio Tinto Scraps China Deal - The ...

Jun 05, 2009· The board of Rio Tinto announced the decision after meeting in London on Thursday, saying the company had ended the deal it struck in February to sell the stake to China's state-owned Aluminum Corporation of China, also known as Chinalco.

why didnt the chinalco and rio tinto deal go ahead

Shares in Anglo-Australian miner Rio Tinto have fallen by 7% on speculation it was set to walk away from a $195bn (£12bn) deal with China''s Chinalco Rio did not deny reports it planned a huge rights issue as an alternative way to tackle its debt problem In February, the firm said that Chinalco ....