Chinalco Executive Reaffirms Commitment To Rio Deal
April 07 2009 - 11:19PM
Dow Jones News
Aluminum Corp. of China, or Chinalco, remains committed to its
planned US$19.5 billion investment in Rio Tinto PLC (RTP), a senior
official from the Chinese firm said Wednesday.
Wang Wenfu, president of Chinalco Overseas Holding Ltd.,
Chinalco's acquisition arm, told Dow Jones Newswires he had noted
that Rio issued a statement Wednesday reaffirming the
Anglo-Australian miner's support for the deal.
"We are committed to the same course, and we have not considered
any alternatives," Wang said.
Rio's share price fell Tuesday on reports it is planning a
rights issue of about US$8 billion if its deal with Chinalco falls
through.
-By Chuin-Wei Yap, Dow Jones Newswires; 8610 6588 5848;
chuin-wei.yap@dowjones.com