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Rio Tinto leaves space for BHP purchase

Tuesday, Jan 22, 2008
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Melbourne, Jan. 20—chairman of world mine giant Rio Tinto Tom Albanese said on Sunday that it has left space for BHP’s purchase. He also said that if BHP quit from this bidding, they are happy to grow on their selves. The biggest miner in the world BFP must make a formal offer by Fed. 6 or leave Rio Tinto alone for six months under a deadline imposed by the UK Takeover panel. Rio Tinto stock price has grew 4.9% in London market on Friday. Because rumors said that BHP will raise purchase rate to 3.58:1, the total value reach to 140b dollars. Though Albanese is praise the future of Rio Tinto, he is not excluding to receive BHP’s purchase.

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