Chinalco is a company that developed the mine industry in China. Funding the development of the company is supported by the Chinese government. Chinalco is focused on the development of aluminum industry.

Financial ability of the company that is supported by the Chinese government, making the company the purchase of shares menrencanakan one of the world’s largest miner, Rio Tinto. Financial ability of the company is able to buy Rio Tinto shares worth 63 million new shares. If the desire is reached then the company will have 9 percent of shares in companies with a value of Rio investing $ 19.5 billion.

Some time ago, Rio Tinto has rejected BHP Billiton offer a company stock purchase and merger of the iron mine.

Rio is offering existing shareholders the right to buy 21 new shares for every 40 they hold at 1.400 pence for its London shares and A $ 28.29 Sydney for its shares. The offer is Scheduled to close at 5 p.m. Melbourne time July 1, according to company filings.

According to a source in the stock market, the new Rio Tinto shares being valued at 524 million shares. If the sale of new shares is successful then the Rio will get additional funds worth $ 15.2 billion. Additional $ 15.2 billion financial akan Rio also helped to pay for $ 38.9 billion debt.

Chinalco will continue to negotiate to get the new Rio Tinto shares sold in the stock market. If the new shares have Chinalco Rio Tinto, the Chinese government hopes to get the right settings for some of the sales price of mining exploration. The Chinese government hopes the basic needs of the mine to support the development of China’s industrial sector can be met.

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