Chinalco Official: Talking To Rio Tinto About Deal
February 09 2009 - 10:35PM
Dow Jones News
Aluminum Corp. of China, or Chinalco, is talking with Rio Tinto
PLC (RTP) on a possible purchase of assets, a senior company
executive said Tuesday.
The official said "money shouldn't be a problem," when asked how
Chinalco will finance the potential deal.
The executive, who declined to be named, said Chinalco will
appoint Xiong Weiping as chairman to replace Xiao Yaqing.
Chinalco is the parent of Aluminum Corp. of China Ltd. (ACH), or
Chalco.
Chalco's shares were suspended from trading in Hong Kong and
Shanghai Tuesday.
-Juan Chen contributed to this story; Dow Jones Newswires; 8610
6588 5848; juan.chen@dowjones.com