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AGORACOM News Flash

AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More 

  • The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
  • Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

Sonomax® eers™ Custom Earbuds Announces Sponsorship of MUTEK 2012

CONTINENTAL ENERGY  Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

Top Stories

  • FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc. Read More   |   *SPONSOR

  • LOMIKO METALS (TSXV:LMK) Paul Gill Discusses Exploration Initiative with James West of Midas Letter Read More   |   *SPONSOR
  • GRAPHITE DEMAND Seen Surging from Fuel Cells, Nuclear Reactors, Graphene Read More

 

 

Message: Rio Tinto / Chinalco

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Rio Tinto / Chinalco

posted on Feb 12, 09 01:07AM

========================



Rio Tinto: Announces US$19.5 Billion Partnership With Chinalco

djones

SYDNEY -(Dow Jones)- Anglo-Australian miner Rio Tinto Plc (RTP) Thursday said
it would form a US$19.5 billion strategic partnership with Aluminum Corp. of
China, or Chinalco.


The deal, details of which were widely leaked to the press, includes a US$7.2
billion convertible bond issue and US$12.3 billion in asset sales across Rio's
aluminum, copper and iron ore business.


The convertible bond has two tranches with conversion prices of US$45 and US$
60. If converted the bonds will increase Chinalco's current shareholding in the
Rio Tinto Group to 18%.


"Chinalco's cash investment of US$19.5 billion will strengthen Rio Tinto's
balance sheet, increase our flexibility to deliver growth as markets recover and
position Rio Tinto for the next decade and beyond," said Rio Tinto Chairman Paul
Skinner.


The proposed deal will require approval by the Australian government,
shareholders and regulators.

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