Spotlight on Chinalco's investment in Rio Tinto

The Australian government defers its decision on Chinalco's investment in Rio Tinto for 90 days, while a large investor in Rio questions the deal struck with China.

Yesterday was a difficult day for mining company Rio Tinto. Australia's investment watchdog, the Foreign Investment Review Board FIRB, announced it will defer a decision on a proposed investment by Chinese state-owned enterprise Aluminum Corporation of China Chinalco in Rio Tinto for a period of 90 days. And a Rio Tinto shareholder, Australian Foundation Investment AFI, went public with its disquiet over how much control Chinalco could potentially exert over Rio Tinto should the deal progress.

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