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Investment plans in the bid for Rio Tinto shares held in the aluminum called bold moves report

August 9, 2010

According to foreign media reports, China Investment Co., Ltd. (hereinafter referred to as “cast”) may bid for Aluminum Corporation of China (hereinafter referred to as “aluminum”) held by Rio Tinto (Rio Tinto
Plc) shares.

According to “Reuters” reports, the investment bid for Rio Tinto shares held in the aluminum will be its “natural area into a most audacious move.”

Reported for Rio Tinto, the deal would mean to win such a “basis for an acclaimed investor (cornerstone
investor) “. while the aluminum case, then find the exit strategy, said goodbye to a” failure “of the merger plan.

Rio Tinto Aluminum is now the single largest shareholder. Last year early in June, Rio Tinto ended with the Aluminum Company of 19.5 billion proposed alliance transactions, and based on the two sides signed agreements of cooperation and the implementation of aluminum will pay 195 million U.S. dollars of the “breakup fee.” Subsequently in July 2009, the aluminum invest about 1.5 billion U.S. dollars, 15.2 billion U.S. dollars in Rio Tinto’s placement of shares issued in the full exercise of the allotment to enable it to maintain a 9% stake, to try to disrupt Rio Tinto and BHP Billiton cooperation.

As China’s sovereign wealth fund, the investment since last year, shot frequent type of investment in overseas resources assets. In investment is accelerating the pace of overseas investments, end of last year, the pitchers there are about 50 billion U.S. dollars for overseas investment.

Prior to that, “the Economic Observer” reported that sources, the investment may be in the coming months, from the national foreign exchange reserves of about 200 billion U.S. dollars capital injection.

So far not yet have an official and explicit statement in the investment company. However, as early as November, there came the wind: the cast would like to apply for a new state foreign exchange funds, and apply the scale may not be less than 200 billion U.S. dollars.

Filed under: Armored Iron Horse (Financial set)

Tags: Overseas investment, shares of Aluminum Corporation of China Aluminum Corporation, the Financial