Rio Tinto says receives approval to buy Alcan
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Global miner Rio Tinto Ltd/Plc  said on Monday it has received U.S. anti-trust clearance for its $38.1 billion ($36.3 billion) acquisition of Canadian aluminum maker Alcan Inc .
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Rio Tinto Group agreed yesterday to buy Alcan Inc. for $38.1 billion in cash, overwhelming a hostile bid by Alcoa Inc. to form the world's biggest aluminum maker.
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Rio Tinto Ltd.'s $38.1 billion takeover of Alcan Inc. is set to reap benefits from not just China's appetite for aluminum, but also the bauxite and alumina needed to make it, analysts said on Friday.
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Chinese mining group Chinalco said on  Friday it had teamed up with U.S. aluminum producer Alcoa   to buy a 12 percent in Rio Tinto .
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Rio Tinto Ltd./Plc. has agreed to buy Canadian aluminum company Alcan Inc. for $38.1 billion, in a move that creates the world's biggest aluminum company.
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Aluminium Corp of China and US giant Alcoa have agreed to pay 14.05 billion dollars for 12 percent of Anglo-Australian mining giant Rio Tinto plc, Chinese state media said Friday.
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Rio Tinto  , the world's second-biggest miner, is drawing up plans to gatecrash Alcoa Inc's  $28 billion hostile bid for North American rival Alcan Inc , the Daily Telegraph said on Friday.
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Alcoa Inc. , which has launched  a hostile offer for Canadian rival Alcan Inc.  ,  said on Tuesday that it signed for a $30 billion credit  facility with its lenders that it would use to pay for Alcan  shares.
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MONTREAL (CP) - Alcan Inc. said Thursday it has reached an agreement to sell its ferroalloy division to a Spanish company in a deal expected to be worth more than 100 million euros or about $165 million Cdn.
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Norwegian aluminum group  Norsk Hydro  and global miner Rio Tinto    declined to confirm or deny reports that they may place  separate bids for Canada&#39;s Alcan .
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Alcan Inc. has begun negotiating toward a merger agreement with Rio Tinto PLC to fend off a hostile bid from U.S. rival Alcoa Inc., Canada's the Globe and Mail newspaper reported on its Web site.
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Rio Tinto Ltd./Plc  has  hired Deutsche Bank to advise it on a possible bid for Canadian  aluminum producer Alcan , the Sydney Morning  Herald paper reported on Monday.
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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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Anglo-Australian miner Rio Tinto launched a 38.1-billion-dollar offer for Canada&#39;s Alcan on Thursday, trumping US rival Alcoa in a mammoth bid to create the world&#39;s largest aluminium company.
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Alcan Inc , which is fending off a hostile $28.8 billion bid from U.S. rival Alcoa Inc , is closer to arranging a rival friendly deal and is expected to make an announcement this week, according to sources familiar with the situation.
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Alcoa Inc. , which has launched a hostile offer for Canadian rival Alcan Inc.  , said on Tuesday that it signed for a $30 billion credit facility with its lenders that it would use to pay for Alcan shares.
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Alcan Inc., one of the world&#39;s largest aluminum producers, said Friday it agreed to sell assets of its ores and concentrates trading division to Ocean Partners Holdings Ltd.