Rio Tinto Group Scraps Chinalco Deal
Posted on 06/04/2009
NY Times reports, “the Chinese government’s largest investment ever in a Western company, a proposed $19.5 billion stake in the Australian-British mining giant Rio Tinto Group, collapsed early Friday, dealing a blow both to China’s global corporate ambitions and to its efforts to gain clout in the natural resources market. The board of Rio Tinto […]
