China Takes a Stake in Rio Tinto
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China has muscled in on the miner BHP Billitonâs attempts to buy rival Rio Tinto, with its biggest aluminum producer teaming up with American group Alcoa to buy a 12 percent stake.
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Mining giant Rio Tinto Ltd./Plc.   said on Thursday it has agreed to pay $38.1 billion, or $101 per common share, for Canadian aluminum company Alcan Ltd. .
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Rio Tinto shareholders have backed the Anglo-Australian mining giant&#39;s bid to buy Canada&#39;s Alcan and create the world&#39;s largest aluminium firm, the company said Friday.
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China and the developing world need lots of what the big mining companies can give them.
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Mining giant Rio Tinto Ltd./Plc.    said on Thursday it has agreed to pay $38.1  billion, or $101 per common share, for Canadian aluminum  company Alcan Ltd. .
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China's role in the international economy took a big step forward this week when a plucky computer maker named Lenovo bought a majority stake in IBM's personal computer business.
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Companhia Vale do Rio Doce of Brazil said it had extended its 19 billion Canadian dollars ($17 billion) tender offer for the Canadian mining company Inco to give regulators time to approve the deal. Rio Doce said it extended the deadline to Oct. 16 from Sept. 28. Rio Doce, the worldÂs largest iron ore miner, has obtained regulatory approval from the Canadian Competition Bureau and from authorities in the United States, but must still get clearance from the European Commission and Investment Canada.
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China has muscled in on miner  BHP Billiton's  attempts to buy rival Rio Tinto ,  with its biggest aluminum producer teaming up with U.S. group  Alcoa  to buy a 12 percent stake in Rio.
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Rio Tinto   said it was to invest $1.1 billion expanding mines in Australia and the United States, as it looks to internal growth to fight off an unwanted approach from rival BHP Billiton.
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Global miner Rio Tinto Plc    said on Monday it was to invest $300 million developing  Eagle, a high-grade nickel and copper mine in Michigan, United  States.
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China's move to become the biggest shareholder in Rio Tinto could face scrutiny by Australian regulators.
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SHANGHAI, China -- Alcoa Inc. and Aluminum Corp. of China jointly acquired 12 percent of the shares of global mining company Rio Tinto PLC in a deal believed to be worth $14.05 billion, the companies said Friday.
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BUENOS AIRES (Dow Jones)--Argentine officials announced Tuesday night that Chinese companies have pledged to invest $19.7 billion in Argentina over the next decade on projects ranging from railroad expansion to offshore petroleum projects.
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Global miner Rio Tinto was near a deal to buy Canadian aluminum giant Alcan Inc. for about $100 per share, or $37 billion, The Wall Street Journal Online reported on Thursday.
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International mining company BHP Billiton has ratified its largest ever contract to supply iron ore to China. Under a joint venture deal, signed Tuesday in Western Australia, four Chinese steel mills are taking
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China has agreed to fund the construction of a $1 billion hydroelectric dam in mineral-rich Guinea and renovate a series of state buildings, government officials in the West African country said on Saturday.
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Anglo-Australian mining giant Rio Tinto has defended the price it has offered for Canada&#39;s Alcan, saying that the robust economic growth of China and India would see the business prosper.