Posts Tagged ‘mining group’
Rio Tinto Bows to Investors
Saturday, June 6, 2009 12:47 No CommentsThe mining group—Rio Tinto, has scrapped a controversial $19.5 million deal with China and is preparing a rights issue that could raise as much as $15 billion.
In a dramatic twist to Rio’s attempts to cut its $39 billion debt burden, the miner bowed to shareholders pressure and waled away from its deal with China’s state-owned [...]
