Chinalco to invest $19.5 billion in Rio Tinto
Chinese state-owned aluminium group Chinalco will invest $19.5 billion in miner Rio Tinto in a deal that will secure resource supplies for China and help cut Rio's debt but also raise regulatory scrutiny.
Global mining giant Rio Tinto is said to be investing about 3.5 billion-euro in Torre de Moncorvo, in the Trás-os-Montes of northern Portugal, reported LUSA news Thursday, citing an unnamed source close to the negotiations.