Banks expect massive growth in iron ore swaps

The abandonment of the 40-year benchmark pricing system for iron ore will lead to a rapid expansion of the swaps market, say market pioneers Credit Suisse and Deutsche Bank.
April 11, 2010

Rio Tinto drops Chinalco bid, announces new deal

Rio Tinto announces a $15.2 billion rights issue and a joint venture with BHP Billiton, scuttling a proposal by Chinalco to invest $19.5 billion in the natural resources company.
June 07, 2009

China ups the ante for Rio Tinto

Chinalco and Alcoa join forces to buy a 12% stake in Rio Tinto for $14 billion, taking both rival bidder BHP and the target by surprise, in a move analysts have called ingenious.
February 03, 2008