China’s top aluminum producer Chinalco, parent of Chalco, said it is still considering participating in Rio Tinto’s USD15.2 billion share placement, and no decision has been made.

     Chinalco is mulling plans for joining Rio’s rights issue but hasn’t made the final decision, the company president Xiong Weiping said Thursday at his first news briefing since breakup of USD19.5 billion Rio-Chinalco deal on June 5.

      Xiong noted that the staple commodities prices will continue fluctuating as the world economy hasn’t stabilized yet, adding that he still holds optimistic outlook for mining industry’s development as well as Rio’s stake value in the long run.

     Chinalco will continue to seek overseas investment opportunities, added Xiong.

     Xiong meanwhile denied an Australian media report that Rio offered Chinalco a 5-10 percent stake in its planned alliance with BHP Billiton, saying that Chinalco hasn’t received any proposal of that kind.

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