The Australian Speculates China Considering to Buy BHP

China is considering purchasing BHP Billiton Ltd’s share with an approaching scheme, but Chinese government hasn’t decided which state-owned financial organization or steel producer heads the project, said The Australian in its Wednesday edition. Chalco partnered with Alcoa Inc. in buying into 12 per cent of Rio’s London-listed share for $14.05 billion earlier this year, accounting for 9 per cent of the total Rio share. China is considering to buy a larger stake in BHP, trying to avoid the latter’s hostile bid for Rio, who has rejected the stalk, sources released. COPYRIGHT All rights reserved. The copying, republication or redistribution of WAM News Content, including by framing or similar means, is expressly prohibited without the prior written consent of WAM.