Canada yes to Alcan

Global miner Rio Tinto has won Canadian antitrust approval for its proposed purchase of Canadian aluminium producer Alcan. The green light comes just one day after Rio secured US$40 billion for deal. The loan amount is the world's fourth largest and the biggest ever in the United Kingdom, where the miner is based. Deutsche Bank, the Royal Bank of Scotland, Credit Suisse and Societe Generale were the initial underwriters for the loan, which was more than one third oversubscribed.