Miner Left with Huge Debts After Alcan Deal

Daily Mail › February 13, 2009

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Summary

THE fragile state of Rio Tinto's finances was underlined after it booked a multi-billion charge relating to its 2007 acquisition of Canadian aluminium maker Alcan.

The London miner recorded a Pounds 5.6bn writedown on its aluminium assets in results that were overshadowed by yesterday's deal with Chinalco.

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Extract

Miner Left with Huge Debts After Alcan Deal

Rio has been attacked by shareholders over its Pounds 27bn takeover of Alc...

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