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Chinalco blames Rio for deal collapse

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posted on Jun, 4 2009 @ 08:53 PM
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Could this eventually lead to events that could trigger a war with China, due to their need to expand and secure raw materials? China is growing, and it wouldn't surprise me if they eventually resort to military force to get the resources they need to become the world's biggest superpower.



Source: The Age, Fairfax Digital Publishing.
THE biggest investment deal in both Australian and Chinese corporate histories has collapsed, with Rio Tinto expected overnight to withdraw its board support for a $US19.5 billion investment from Chinalco.
The shock end to the controversial deal will spare the Rudd Government the political and diplomatic headache of whether to accept or block the deal on national interest grounds.

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