Rio Tinto Considers Major Asset Swap with Chinalco to Break Governance Deadlock
Global mining giant Rio Tinto is considering a complex deal to resolve management problems. Sources say the company is looking at an asset-for-equity swap with its key shareholder, Chinalco. Chinalco is a major state-owned Chinese aluminum producer. The core issue is a long-running governance gridlock. This gridlock has made major strategic decisions difficult. Rio Tinto…