Chinalco's 19.5 billion dollar injection into Rio Tinto is blown

Source: Internet
Author: User
Rio Tinto, the world's iron ore giant, may announce today an unexpected decision by refusing to inject 19.5 billion of billions of dollars from Chinalco, the reporter learned yesterday.  The injection was in fact the result of the financial crisis in Rio Tinto during the financial crisis, but sources said Rio planned to switch to a rights issue or other financing solution to its own debt problems.  According to Australian media reports, Chinalco has recently been notified by Rio Tinto.  Chinalco said it would release a major news announcement this morning. February 1, 2008, Chinalco with the United States aluminum industry to 14.05 billion U.S. dollars lightning shares of Rio Tinto British company 12% stake, shaking the world.  The same year, November 25, BHP withdrew its merger with Rio Tinto. February 12 This year, Chinalco announced that it would inject $19.5 billion trillion into Rio Tinto by subscribing to its convertible bonds and establishing a joint venture with Rio Tinto at the iron ore, copper and aluminium assets level.

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