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Chinalco grabs Rio assets, ups stake

CHINALCO is set to up its stake in Rio Tinto to 18% after the two groups announced a $US19.5 bill...

Charlotte Dudley

Under the transaction terms Chinalco will invest $US12.3 billion across a range of Rio’s assets while a two-tranche convertible bond will be issued to a total of $7.2 billion. If converted, the bonds...

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