MONDAY NOVEMBER 12
China And Rio Tinto

There have been some interesting developments surrounding Rio Tinto. Last week BHP Billiton made an approach for the company. Now it's being reported that China - via the China Development Bank - is building a stake in the mining company. The Telegraph writes, "Although the stake is small - it is believed to be less than 1 per cent - the emergence of CDB on the shareholder register of Rio is hugely significant." Well, it will certainly be significant for BHP Billiton if it turns out they have to do battle with China for Rio Tinto.

November 2007

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