POOR OLD RIO Tinto had already received something of a public drubbing -albeit from an anti mining lobby group -when it decided to invoke the ire of some of its London shareholders by snuggling up closer to Chinese aluminium producer (and 19 percent shareholder) the Aluminium Corporation of China (Chinalco) Ltd. In one of its latest London Calling columns (which was published just before the official announcement of the deal), Nostromo Research said despite recent asset disposals to help retire its debt, the publicly-listed mining giant's prospects of selling more of the "family silver" looked increasingly dim.
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