Rio Tinto looks to create monster

Saturday July 14, 2007
By Tom Cahill and Simon CaseyRio Tinto group chief executive Thomas Albanese says he’s buying Alcan before the competition beats him to it.

“You ask the question of why now?” Albanese told investors during a conference in Montreal. “This is competitive. There aren’t that many top-quality, global resources in any of the mining sectors that are available.”

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