CAPITAL MARKETS

Miners subdued but talks boost Rio

THERE were more frowns than smiles on the bourse today as mining stocks trended south, following bearish overseas leads and a metals slump. However Rio Tinto fared well on news of its talks with Chinalco.

Charlotte Dudley

Rio Tinto bucked the wider market trend with a 5.5% lift to $44.45 after confirming it was in discussion with Chinalco over potential asset sales or an equity deal. “They are talking to a lot of people,"...

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