BHP lobbied to block Chinalco's Rio Tinto bid
China Daily | Updated: 2009-10-17 11:40
BHP Billiton Ltd, the world's biggest mining company, lobbied Australia last year to stop Aluminum Corp of China's proposed $19.5-billion investment in Rio Tinto Group, the Sydney Morning Herald reported, citing a former government official.
BHP executives, including Chairman Don Argus, met officials including Prime Minister Kevin Rudd and Treasurer Wayne Swan to discuss the proposed investment, the newspaper said. E-mails from BHP were circulated throughout the government, the Herald cited former Treasury official Stephen Joske as saying.
Rio Tinto rejected Chinalco's proposed deal in June in favor of a share sale and an iron ore joint venture with BHP.
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