AUSTRALIA: The takeover called Rio Tinto
There is an important trade operation in the mining world market, the third-largest miner the anglo-australian Rio Tinto said its full-year net profit fell two percent in 2007 to 7.312 billion US dollars. The Rio Tinto said, its annual production of iron ore, bauxite, aluminum, refined gold and refined copper were at record levels, adding it expected commodity prices to remain high. So, if we need uranium, we need to talk with Rio Tinto.
But, we need to remember the anglo-australian Rio Tinto is subject of a hostile takeover bid by the world’s biggest miner BHP Billiton. The last Friday the giant Aluminum Corporation of China Limited have bought a 12 per 100 stake in Rio Tinto.
Via: The Energy Blog / Agence France Presse
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