Chinalco considering revising Rio deal

Posted by 7Star Thursday, May 28, 2009

China's Chinalco is planning to revise a 19.5-billion-dollar bid for part of Rio Tinto after the Anglo-Australian mining giant's share price soared, state media reported. Xiong Weiping, president of the Chinese state-owned firm, told Caijing magazine: "The market has definitely undergone changes. We will study the current situation with Rio Tinto accordingly."

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