Alcoa, Chalco Buy Rio Tinto Stake
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SHANGHAI, China -- Alcoa Inc. and Aluminum Corp. of China jointly acquired 12 percent of the shares of global mining company Rio Tinto PLC in a deal believed to be worth $14.05 billion, the companies said Friday.
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Anglo-Australian mining group Rio Tinto said on Tuesday that it planned to invest 1.8 billion dollars (1.3 billion euros) to expand its aluminium plant in the northeastern Australian state of Queensland.
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Rio Tintoâs $38.1 billion bid exceeds a $28 billion offer from Alcoa Inc. that Alcanâs board roundly rejected.
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MONTREAL/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc  has agreed to buy Canada's Alcan Inc.  for $38.1 billion to create the world's largest aluminum producer, trumping a hostile bid by Alcoa Inc.
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NEW YORK, August 23 (New Ratings) - Alcoa Inc (AA.NYS) and BHP Billiton have announced their plans for an initial public offering filing for their metal processing and distribution joint venture, Integris Metals Corporation.
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China and a US company buy a $14bn stake in mining giant Rio Tinto, in China's largest foreign investment.
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Anglo-Australian mining group Rio Tinto says its bid to buy Canada's Alcan for $38.1bn has been approved in the US.
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In the latest in a string of steel company acquisitions, Gerdau Ameristeel will pay $86 a share for Chaparral Steel
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Gerdau Ameristeel Corp.   said on Tuesday it has agreed to acquire Chaparral Steel Co.  for $4.22 billion in cash, in a move to diversify its product offering into high value added steel products.
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Rio Tinto Ltd./Plc  has  hired Deutsche Bank to advise it on a possible bid for Canadian  aluminum producer Alcan , the Sydney Morning  Herald paper reported on Monday.
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Aluminium Corp of China and US giant Alcoa have agreed to pay 14.05 billion dollars for 12 percent of Anglo-Australian mining giant Rio Tinto plc, Chinese state media said Friday.
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Alcoa and China's Chinalco are "monitoring developments" after mining giant BHP Billiton's bid for Rio Tinto.
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SAN FRANCISCO (CBS.MW) -- Alcoa Inc. and Australia&#39;s BHP Billiton have agreed to sell Integris Metals to Ryerson Tull for $410 million in cash, plus assumption of $250 million in debt, the companies said late Tuesday.
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China has muscled in on miner  BHP Billiton's  attempts to buy rival Rio Tinto ,  with its biggest aluminum producer teaming up with U.S. group  Alcoa  to buy a 12 percent stake in Rio.
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Alcoa said it had sold its stake in the Aluminum Corporation of China for about $2 billion, a $1.8 billion gain on an investment that had yielded no real cooperation on the ground.
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Alcan Inc., the world&#39;s biggest aluminum maker by sales, agreed to sell its Pechiney Electrometallurgie ferroalloy division to Spain&#39;s Ferroatlantica SL for more than 100 million euros ($136 million).
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Anglo-Australian mining giant Rio Tinto struck a deal Thursday to buy Canada&#39;s Alcan, outbidding US rival Alcoa in a mammoth move that would create the world&#39;s largest aluminium company.