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Rio Tinto drops Chinalco for BHP JV (from Corporate Dealmaker)

Rio Tinto plc (NYSE:RTP) terminated its $19.5 billion deal with Aluminum Corp. of China, opting for a 50-50 joint venture with BHP Billiton Ltd. (NYSE:BHP), its one-time suitor, and a $15.2 billion rights issue. The Chinalco deal ran into trouble when politicians, among others, worried about China having too much...

Posted on June 4, 2009 11:04 PM


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IBM's Mendoza on the company's future strategic moves.
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