21 Apr 2009

Rio Tinto shareholders urged to keep open mind on China deal

9:52 am on 21 April 2009

Rio Tinto is urging shareholders to reserve their judgements for a few months on a proposed deal with Chinese state-owned miner Chinalco.

At the company's annual general meeting in Sydney on Monday, shareholders raised questions about the deal as well as the high price paid for Alcan and the rejection of a takeover offer by BHP Billiton last year.

Australia's foreign investment regulator is still considering Chinalco's $A30 billion plan to increase its stake in Rio Tinto.

Rio Tinto's new chairman, Jan du Plessis, says the company is committed to pursuing the deal, but is also listening to shareholder concerns.