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Australian senate move casts shadow over Rio shares

Political pressures cast a new shadow over Rio Tinto's planned $19.5 billion tie-up with Chinese state-owned Chinalco, knocking its shares down as much as 10 percent on Wednesday, with Australia's Senate saying it would examine foreign investment.

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Slump in China's tin production

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Rio names new chairman as Chinalco row escalates

Rio Tinto named a new chairman to help get a planned $19.5 billion tie-up with China's Chinalco approved, as Australian politicians opposed to the deal raised their level of protest. Designed to help Rio cut its $39 billion debt burden, the deal has aroused political concerns in Australia about key assets falling into Chinese hands and sparked complaints from investors who say one shareholder is being favoured over others.

Glencore profit falls, boosts liquidity to $5b

Australia MPs reject bid to sink Rio-Chinalco deal

Australia's parliament voted overwhemingly to defeat a motion aimed at sinking China's proposed $19.5 billion investment in Anglo-Australian miner Rio Tinto. The Greens party, which opposes the investment by state-owned aluminium group Chinalco, had asked the upper house Senate to call upon Treasurer Wayne Swan to deny foreign-investment approval for the deal, unless he imposed a virtually impossible condition.

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