All articles on Chinalco

Commodity Price Rebound Puts Chinalco-Rio Deal in Doubt
If Rio's share price continues to climb, it will dilute the premium advantage of Chinalco's convertible bonds. If the premium is diluted much further, more Rio Tinto shareholders may turn against the plan.
May 19th,2009
Chinalco Drops the (Iron) Ball
Now, the great saga of China's effort to prevent an "conspiracy" of iron ore miners is virtually over.
June 6th,2009
Minmetals Buys OZ
China's official news agency Xinhua, however, has been unrestrained in its criticism of Rio, labeling it "perfidious" and likening its actions to those of a "cheating" spouse.
June 12nd,2009
More Shots Fired in Chinalco-Rio Spat
In a surprise move, China's Ministry of Commerce announced that it has regulatory authority over the proposed iron ore joint venture between Australian miners Rio Tinto and BHP Billiton.
June 13rd,2009
Chinalco to Maintain Its Rio Stake in Rights Offering
To maintain its present Rio stake of 9.3%, Chinalco will have to spend about $1.4136 billion for the additional offering.
July 3rd,2009
Chinalco Defies Rio's Plan B, and China Steel Makers Resist 20% Iron Ore Price Drop
Showing no interest in the report about Rio Tinto's alternative plan of offering an additional $8 billion, Chinalco continues to prepare for its capital injection into Rio Tinto. It is reported that Chinalco had suggested its willingness to compromise on the basis of the original scheme; a Chinalco insider emphasized the company had never made any adjustment to the capital injection plan.
Chinalco,Rio Tinto,iron ore negotiation April 9th,2009