CAPITAL MARKETS

Rio scotches BHP bid rumours

RUMOURS of a $100 billion takeover bid for Rio Tinto by mining goliath BHP Billiton have been scotched after London-based Rio Tinto was forced to admit it had not received an approach from the Big Australian.

MiningNews.Net

The admission came after Rio Tinto posted the most spectacular single-day of trade in the company’s rich history, its shares at one stage surging an astonishing 11%. The mining giant even copped a speeding...

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