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Chinese Looking to Buy Rio Tinto

China studies Rio bid weak spot

Jamie Freed
December 27, 2007

The Chinese Government has reportedly sanctioned large state-owned corporations to look at three strategies to thwart BHP Billiton's proposed offer for Rio Tinto.

One of the options could defeat the deal at a cost of $9 billion without requiring Australian Foreign Investment Review Board approval.

 Click here to read the full article from the Sydney Morning Herald

One Comment

  1. opalmarie
    Posted December 28, 2007 at 6:47 pm | Permalink

    you have computers and need some help,it seems. look up Baosteel group, Shanghai to recieve up to 50% of Rio Tinto/Kennecott capacity whether or not bid takeover happens, and uranium is near Eagle Rock area where Kennecott is. Look up Deseret Morning Sun, feb. 4,2005 and Energy Resources of Australia LTD (ERA) by sea.us.org includes a list of shareholders. Traverse City Record Eagle. library books tell of ww11 search for tungston was also located.

    l

One Trackback/Pingback

  1. Iszabella…

    This is one thing I definitely agree on…

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