Related News
US body approves Rio Tinto bond issue
Source: Xinhua |
May 18, 2009, Monday
|
Print Edition
Print Edition
A UNITED States regulator granted clearance to Rio Tinto regarding the proposed issue of convertible bonds to Aluminum Corp of China and the indirect minority investment in Kennecott Utah Copper Corp, Chinalco, as the Chinese company is known, said last Friday.
The approval was given by the Committee of Foreign Investment in the United States, said Chinalco, China's largest aluminum producer.
In February, Chinalco agreed to invest US$19.5 billion in iron ore giant Rio Tinto of Australia, the world's third-largest mining company, to secure resource supplies for China and help cut Rio's heavy debt.
Under terms of the planned deal, Chinalco will invest US$7.2 billion in convertible bonds and US$12.3 billion for stakes in Rio Tinto iron ore, copper and aluminum operations.
This US green light follows approvals from the Australian Competition and Consumer Commission on March 25 and the German Federal Cartel Office on March 31.
The approval was given by the Committee of Foreign Investment in the United States, said Chinalco, China's largest aluminum producer.
In February, Chinalco agreed to invest US$19.5 billion in iron ore giant Rio Tinto of Australia, the world's third-largest mining company, to secure resource supplies for China and help cut Rio's heavy debt.
Under terms of the planned deal, Chinalco will invest US$7.2 billion in convertible bonds and US$12.3 billion for stakes in Rio Tinto iron ore, copper and aluminum operations.
This US green light follows approvals from the Australian Competition and Consumer Commission on March 25 and the German Federal Cartel Office on March 31.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
