Rio rights offer lures investors
China Daily | Updated: 2009-07-03 08:07
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An undated company handout photo of Rio Tinto mining operations at Robe Valley in Western Australia. Bloomberg News |
SYDNEY: Rio Tinto Ltd's $15.2 billion rights offer, the fifth-biggest on record, generated strong demand from UK investors, putting the world's top iron ore miner back into growth mode after a debt-funded purchase of Alcan had brought it to its knees.
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