Rio plugs Chinalco alliance

Rio Tinto iron ore chief Sam Walsh says the miner is focused on securing regulatory approval for its $US19.5 billion Chinalco deal while a prominent analyst has tipped iron ore prices to fall 50 per cent.


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To see core Australian assets sold to end customers who will have little motivation to maximise the return to shareholders and the Australian people makes this transaction the living reason for the existence of the FIRB. We all just hope they do their job well and see that this asset remains in the hands of independent investors even if it means a set back for the company in the short term.

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