News

China continues to show off its influence over the London market as some of the big miners took a heavy dent on the first day when most trading desks were full after the festive celebrations.

Rio Tinto to sell Alcan packaging to Amcor for $2bn

Rio Tinto is set to sell its Alcan packaging business to Australia's Amcor for $2bn (£1.2bn) as the miner continues the divestment programme stalled by the global credit crunch.

China drops spying charges against Rio Tinto employees

But executive faces prison for alleged bribery and violating commercial secrets

Rio exec held in China is accused of spying

The Rio Tinto executive arrested in Shanghai is accused of espionage and stealing state secrets, Australia's Foreign Affairs Minister confirmed yesterday.

Chinese officials arrest four Rio Tinto mining employees

Unexplained detentions come as China and miners battle over iron ore prices

Rio Tinto sells US packaging unit for $1.2bn

Divestment planned soon after Alcan acquisition was delayed by downturn

Return of the bonus

The Chancellor wants bankers to 'get real' over bonuses, but are payouts in the City getting out of hand again, or are executives like Stephen Hester just easy targets? Nick Clark reports

Xstrata ready to dig deeper to win over Anglo

Mining group prepared to wait up to two years to merge with rival and create a £43.6bn company

Anglo shares soar after Xstrata seeks talks

Shares in Anglo American jumped as much as 12 per cent today after rival Xstrata sought talks about a merger of equals to better compete in a consolidating mining sector.

China attacks Rio's iron deal with BHP as 'monopolistic'

British company criticised after scrapping £12bn tie-up with state-owned Chinalco

Margareta Pagano: More balls, please, at the Treasury

With the economy in such a shocking state, Labour's only hope is a sharp U-turn on public spending – but does it dare?

Jeremy Warner: Rio Tinto – another lesson in the perils of empire-building

Outlook: The Chinese are fuming and some shareholders are still demanding Tom Albanese's head on a platter. But in the round, Jan du Plessis, Rio Tinto's chairman, seems to have negotiated a satisfactory finale to the tale of corporate woe that began with Rio's top-of-the-market acquisition of Alcan two years ago.

Rio risks a China crisis

Chinalco 'disappointed' as Rio abandons deal in favour of cash call and BHP alliance

Jeremy Warner: Rio Tinto ditches its Chinese connection

Outlook Now do keep up. A year is a long time in politics, to misquote Harold Wilson's famous remark, but it seems to be a positive aeon in the mining industry. Fast back 12 months and the commodities sector was still booming, with prices at record highs and Rio Tinto confident in its rejection of a generously valued bid from BHP Billiton.

Rio Tinto deal with Chinalco falling apart at eleventh hour

Mining group now looking at alternatives to $19.5bn alliance with China

Rio deal takes another turn as Chinalco reviews its options

Rio Tinto's tempestuous tie-up with Chinalco took another turn yesterday as the dual-listed miner's Australian shareholders called for changes to the controversial deal and sources claimed the Chinese group was close to a new plan.

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