Luo jianchuan : BHP Billiton’s Bid for Rio Tinto Uncertain, Affected Chalco Greatly

Beijing, Nov 14 – Luojianchuan, the president of Chalco said the merger of BHP Billiton Ltd. and Rio Tinto Plc is uncertain now. He said himself is worrying about the bid. The deal will affect Chalco deeply, he added. Rio Tinto received the bid offer from the competitor – BHP Billiton last week. Although Rio Tinto rejected the offer later, the negotiation is going on. If the two biggest iron core producers reach merger agreement, the new company will strengthen its bargaining power in the global iron core negotiation. And now China’s demand for iron core is strong.