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Asia Sentinel
China's Controversial Rio Tinto Bid

China's Controversial Rio Tinto Bid

Our Correspondent
Apr 03, 2009
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Asia Sentinel
Asia Sentinel
China's Controversial Rio Tinto Bid
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China's bid for a major stake in Anglo-Australian mining giant Rio Tinto is treading on more toes than just those of resource nationalists in Australia. The financing of state aluminum producer Chinalco's offer to invest US$19.5 billion in Rio is now also under scrutiny as analysts see evidence of a large state subsidy facilitating the offer.

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