For anyone interested in the ongoing speculation about Rio Tinto s plans, Malcolm Maiden has provided some new material today in his article for Fairfax.
Following Rio chief Jan du Plesssis Monday morning denial of having met with BHP chairman Don Argus, the pair did in fact meet up later that same day, according to this article.
While this could mean nothing at all, says Maiden, it could also mean a lot since Argus has been known to state that BHP would be a better partner for Rio than Chinalco.
In his first conference as Rio chairman, Jan du Plessis reaffirmed the company s commitment to the Chinalco deal, and played down talk of a rights issue.
To read the full article, click here
Codes for your watchlist:
- BHP Billiton: BHP.AX (ASX); BLT.L (London Stock Exchange); BHP.N (New York Stock Exchange)
- Rio Tinto: RIO.AX (ASX); RIO.L (LSE)
