Chinalco Chief: Closely Monitoring Development Of Rio Case
July 23 2009 - 12:07AM
Dow Jones News
The president of Aluminum Corp. of China, or Chinalco, said
Thursday he was closely monitoring the development of the Chinese
government's investigation into the alleged theft of state secrets
by four Rio Tinto PLC (RTP) employees.
Chinalco is the single biggest shareholder of Rio.
Xiong Weiping also said his company was interested in mining
assets in western Australia, especially in the non-ferrous sector.
He was speaking to reporters on the sidelines of an investment
forum.
Xiong said he was also following developments of talks between
Anglo American PLC (AAUK) and Xstrata PLC (XTA.LN).
"We are closely monitoring this deal, and as a metal and mining
group, Chinalco is closely watching the restructuring of the global
mining industry," he said.
-Chen Juan contributed to this story, Dow Jones Newswires;
(8610) 6588 5848; chen.juan@dowjones.com