Rio in bid to create mining giant

The creation of a new aluminium giant was on the cards today after Rio Tinto unveiled an agreed $38.1bn (€27.6bn) offer for Canadian rival Alcan.

Rio in bid to create mining giant
Thu, 12 Jul, 2007 - 09:31

The creation of a new aluminium giant was on the cards today after Rio Tinto unveiled an agreed $38.1bn (€27.6bn) offer for Canadian rival Alcan.

London and Australia-listed Rio’s recommended all-cash bid trumps a hostile offer for Alcan from US miner Alcoa.

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