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A Challenge for Chalco?

We reported back in February on Chalco’s skillful purchase [1](with Alcoa) of 12 percent or Rio Tinto. But that was before the financial crisis and the collapse of Lehman Brothers.

Lehman’s collapse has left Chalco with some “issues”. It is already reported to have delayed a bond sale (in the Australian):

Let’s hope so for their sake, the sake of their advisors – and for the development of Chinese overseas direct investment generally. Rumours are circulating that the situation might be…more complicated than it first seemed. We will watch progress with interest.

See news sources: