China Puts Rio Bid In Doubt
The Age
Saturday February 2, 2008
BHP Billiton's plan to create a $380 billion mining colossus through the takeover of a reluctant Rio Tinto has been thrown into disarray following the dramatic 11th-hour intervention by China's Aluminium Corp of China and US aluminium giant Alcoa. The aluminium pair last night revealed in the London market that they had teamed up to buy a 12% stake in Rio.
© 2008 The Age