Chalco Denies Media Reports On Possible Rio Tinto Stake Buy
February 02 2009 - 7:04PM
Dow Jones News
Aluminum Corp. of China Ltd. (ACH), or Chalco, said Tuesday
media reports that Chalco plans to raise its stake in Rio Tinto PLC
(RTP) to 15% aren't true.
Chalco said it doesn't hold any stake in Rio Tinto.
Chalco's parent, Aluminum Corp. of China, or Chinalco, is Rio's
biggest shareholder.
Rio said Monday it has held talks with Chinalco over the
possible sale of minority stakes in some of its mining operations
and an investment in convertible instruments.
-Wynne Wang contributed to this story, Dow Jones Newswires; 8621
6120-1200; wynne.wang@dowjones.com
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