BHP allegedly tried to foil Rio-Chinalco deal Wikileaks
Dec 13, 2010 | 12:45 PM
BHP Billiton allegedly pushed the Australian government to delay its decision on a proposed $19.5-billion deal between fellow miner Rio Tinto Plc and Aluminium Corp. of China (Chinalco).
"The chief of staff to Treasurer Wayne Swan had told U.S. Embassy officials that BHP had outplayed Rio and that U.S. officials believed this had helped ensure that Chinalco's planned multibillion dollar cash injection into Rio Tinto collapsed in early June 2009," according to....
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