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Chinalco confirms deal breakup with Rio Tinto

(Xinhua)
Updated: 2009-06-05 10:44

BEIJING - Aluminum Corp. of China, or Chinalco, confirmed Friday that Australian miner Rio Tinto scraped the proposed US$19.5 billion of investment by Chinalco, and Rio Tinto would pay a break fee of US$195 million to the Chinese aluminum maker.