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In addition, Chinalco quoted the Wall Street Journal as saying that a company inside Chinalco, who did not want to be named, said that although Chinalco failed to obtain more shares of Rio Tinto, the company sought to deepen its cooperation with Rio Tinto. Never stopped.
He said that Chinalco has always wanted to become the largest shareholder of Rio Tinto.
Last year, Chinalco tried to acquire more shares in Rio Tinto, including two board seats, but Rio Tinto decided to form an iron ore joint venture with BHP Billiton, and Rio Tinto’s deal with Chinalco failed to reach .
Rio Tinto chose to form an iron ore joint venture with its rival BHP Billiton.
According to Bloomberg News, quoted by a manager of Chinalco, the company intends to obtain the board of directors of Australian mining giant Rio Tinto, the largest shareholder of Rio Tinto.