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Friday newspaper round-up: Rio launches $15.2bn rights, ties with BHP

Date: Friday 05 Jun 2009

Rio Tinto launched a deeply-discounted $15.2bn rights issue, scrapped a proposed $19.5bn tie-up with China’s Chinalco and struck a joint venture deal with arch rival BHP Billiton in a string of announcements on Friday that will transform the Anglo-Australian mining group’s long term future, the FT reports.

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