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Australian Mining Trade and Market : Rio Tinto eading the charge after rejecting BHP Billiton’s merger proposal overnight
The Australian sharemarket has opened on the front foot with Rio Tinto leading the charge after rejecting BHP Billiton’s merger proposal overnight, and despite US stocks closing lower overnight.
At 1016 AEDT, mining giant Rio Tinto surged to record highs, up $18.60 to $132.00, after knocking back a STG120 billion ($A273.57 billion) merger proposal with BHP [...]
